Atom bank has announced plans to move its UK headquarters from The Rivergreen Centre in Durham to The Pattern Shop in Newcastle, marking a new phase of growth for the digital bank.
The multi-million-pound investment in the new office space follows a period of strong financial performance and profitability. The Pattern Shop, a Grade II-listed heritage building, was originally the site where Robert Stephenson built steam locomotives in the 1800s, playing a key role in the industrial revolution. The building has been restored into a sustainable, low-carbon office space, aligning with Atom’s commitment to becoming fully carbon-positive by 2035.
Knight Frank secured the letting on behalf of Newcastle City Council and igloo Regeneration, with JLL representing Atom in lease negotiations.
Mark Mullen, chief executive of Atom bank, said: “Our investment in the iconic Pattern Shop is a bold statement about how we see the future of work.
“While many companies are backtracking on past commitments, and forcing their people back to the office, we’re doing the opposite – we’re creating a social space that brings people together because it’s inspiring, not because it’s mandated. We’re building a culture of trust at Atom, with the flexibility to work how and where people are most happy and productive.
“The Pattern Shop played a key role in shaping the modern world. With its unique character and rich history, it is the perfect place to reimagine what a company HQ can be. This isn’t just an office – it’s a symbol of who we are as a brand. Its deep roots in the North East industrial heritage mirrors our ambition to build on tradition with bold, modern thinking.
“The move comes at an exciting time for the bank as we continue to grow. We’re now the UK’s most trusted bank on Trustpilot, delivering market leading products, whilst at the same time achieving industry-leading employee engagement.
“Other businesses may use the blunt instrument of ‘back to the office’ diktats but at Atom, as always, we look to do the right thing. Our move to the Pattern Shop and Newcastle reflects that.”
