Barclays Corporate Banking’s Commitment to the Region
The North East of England has long been a region of robust economic activity, entrepreneurial spirit, and collaborative business communities. As one of the most diverse areas in the UK, it is home to thriving sectors ranging from hospitality and property to manufacturing, technology, and beyond.
It’s an exciting time for the region. Investment is pouring into key areas, particularly hospitality and real estate, fuelling a broader recovery and presenting new opportunities. The Newcastle Gateshead Initiative estimates that tourism alone is worth over £5 billion to the local economy each year, creating over 66,000 jobs* — a powerful indicator of how important regional growth and investment are to the wider UK economy.
However, businesses across the North East, like many others across the UK, are facing increasing challenges. Rising costs in areas such as corporation tax, minimum wage, National Insurance, and pensions are adding pressure on employers, alongside growing complexity around recruitment, employment law, and supply chains. With the main rate of corporation tax expected to rise to 25% for businesses with profits over £250,000, and the National Living Wage forecast to increase by 9.4% this year, businesses will need to invest more time, planning, due diligence, and capital to ensure continued growth and stability.
In such a climate, businesses need support that goes beyond traditional banking — support that understands the unique pressures and opportunities of the region. That’s where Barclays Corporate Banking’s expertise lies.
Barclays Corporate Banking is dedicated to supporting corporate businesses across the UK, offering a range of lending solutions built around each client’s needs. But what sets Barclays Corporate Banking apart is its focus on relationship-led banking, delivered by experienced, in-region teams who understand both the macroeconomic landscape and local business dynamics.
Jag Singh, Head of Corporate Banking for Barclays in the North East, leads a team committed to the region’s businesses and the impact they have on the local economic success. Jag grew up in inner-city Bradford, where his parents settled after moving to the UK from India. The first in his family to attend university, he pursued a computer science degree before being introduced to a new career, and passion, in banking through a family friend. Over 15 years later, his career has been built on strong relationship management, a commitment to lasting partnerships, and a genuine passion for helping businesses thrive.
Jag’s team, now based in the recently built Bank House on Pilgrim Street in Newcastle, is positioned at the heart of one of the city’s most significant redevelopment areas. The move not only reflects the bank’s commitment to the region but ensures its people remain close to the clients and communities they serve. “Our new location in Newcastle city centre allows us to be present, on hand, and based in the heart of our region’s capital,” says Jag. “The area is a hive of activity with some of the most exciting developments the city has seen in decades. It’s a very exciting time for our team to move to this modern, bustling location, in stunning offices with amazing views across this inspirational city.”
At the core of its approach is its three-tiered relationship model, Barclays Corporate provides every client with access to a named Relationship Director, supported by dedicated product and sector specialists. This ensures that clients benefit from deep understanding of their business and industry, paired with the scale and capabilities of one of the UK’s most established banks.
“We take a client-centric approach,” explains Jag. “We spend time with businesses, understand their challenges, and offer solutions that align with their goals. This proactive approach has proven invaluable, enabling us to tailor our services to clients’ specific circumstances. Whether it’s a simple loan request or a more complex financing situation, our team works tirelessly to find the right solution.”
In an increasingly digital world, the human element of banking is often missed. While there is a place for technology, Jag is clear that clients still want to deal with people and achieve a better quality service because of that. “Building meaningful relationships is at the core of what we do,” he says. “We’re proud to combine modern, efficient banking tools with the traditional values of relationship banking. Having dedicated people who really know your business and are on hand to help.” Barclays has committed to lending to businesses, with a clear focus on supporting them in moving forward and unlocking their growth potential.
“There’s often a perception that banks aren’t lending,” says Jag. “We’re actively challenging that view. We are open for business, and we take pride in being available for conversations with all clients, regardless of sector or size.”
With specialist expertise across a wide range of industries the team can offer bespoke solutions that reflect the commercial realities of each client’s sector.
Barclays Corporate Banking is also playing a key role in supporting the region’s growing property sector , offering financing options for businesses engaged in development across the UK. These range from bilateral loans to more complex syndicated deals. “The North East’s commercial and residential landscape is evolving rapidly,” Jag explains. “There’s development happening across Tees Valley, Sunderland, Newcastle, and Northumberland. We’re helping to finance that transformation.”
Beyond the financial, the bank is also focused on fostering local talent and growing the next generation of business leaders and bankers. “It’s not just about technical skills,” says Jag. “The most important trait for success in banking is being a people person — someone who is approachable, authentic, and genuinely invested in helping others. We want our team to reflect the communities we serve and to bring fresh perspectives to how we work with clients.”
Barclays’ commitment to the region is grounded in action — not just ambition. With a long history in the North East and a future-oriented strategy, the bank continues to win new business, invest in people and infrastructure, and deliver for clients across every corner of the region.
Jag concludes: “Whether you’re running an SME or overseeing a large PLC, Barclays is here to support your ambitions with a full suite of business banking services designed to help you achieve your goals. We work the way our clients need us to — taking the time to understand their business, so that we can solve problems and identify growth opportunities swiftly.
“Barclays is wholeheartedly committed to the North East, and we’re here for the long haul. Whether you’re a business looking for the right lending solutions or a professional seeking a dynamic career opportunity, we’re ready to help you grow, thrive, and succeed.”
So, whether you’re seeking tailored finance, expert insight, or a long-term partner who truly understands your market — Barclays Corporate Banking is here to support the North East’s next chapter of success.
To speak to Jag or to enquire about Barclays Corporate Banking services in the North East, please email [email protected]
* https://www.ngi.org.uk/resources/news/economic-impact-on-north-easts-tourism-sector-revealed/
