Former Bank of England, Manchester
Encyclopedia
The Former Bank of England building on King Street
, Manchester
is a historic banking building. It has been recognised as a Grade I listed building, maintained by Manchester City Council
. It was designed by Charles Robert Cockerell
and constructed in the 1840s, being completed in 1846.
The building is also home to the Bank of England
, agent for the north by north west (Manchester) as of 1998. The role of the agency is to maintain contact with a wide range of businesses and institutions in Manchester, covering all sectors of the UK economy. Agents each see about fifty contacts per month, mainly through company visits. The agency makes a monthly report back to the bank where the Monetary Policy Committee
uses the information to help its understanding and assessment of current economic conditions. The agency is also involved in discussions with a wide range of business organisations such as the Chambers of Commerce and the regional CBI
and they maintain close contact with regional TEC
s, Business Link
s, and Manchester universities. Part of the agent’s role is also to represent the bank and explain its work and policies.
The agency consists of an agent, Tony Strachan, a deputy, Robert Burrows, and two support staff Anne Gawthorpe and Melissa Dunn. The Manchester agency also houses an information technology
co-ordinator for the agency network, Michael Pearson.
King Street, Manchester
King Street is one of the most important thoroughfares of the city of Manchester, England. Once the centre of the north-west banking industry it is now predominantly an affluent shopping area.-History:...
, Manchester
Manchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
is a historic banking building. It has been recognised as a Grade I listed building, maintained by Manchester City Council
Manchester City Council
Manchester City Council is the local government authority for Manchester, a city and metropolitan borough in Greater Manchester, England. It is composed of 96 councillors, three for each of the 32 electoral wards of Manchester. Currently the council is controlled by the Labour Party and is led by...
. It was designed by Charles Robert Cockerell
Charles Robert Cockerell
Charles Robert Cockerell was an English architect, archaeologist, and writer.-Life:Charles Robert Cockerell was educated at Westminster School from 1802. From the age of sixteen, he trained in the architectural practice of his father, Samuel Pepys Cockerell...
and constructed in the 1840s, being completed in 1846.
The building is also home to the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
, agent for the north by north west (Manchester) as of 1998. The role of the agency is to maintain contact with a wide range of businesses and institutions in Manchester, covering all sectors of the UK economy. Agents each see about fifty contacts per month, mainly through company visits. The agency makes a monthly report back to the bank where the Monetary Policy Committee
Monetary Policy Committee
The Monetary Policy Committee is a committee of the Bank of England, which meets for two and a half days every month to decide the official interest rate in the United Kingdom . It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative...
uses the information to help its understanding and assessment of current economic conditions. The agency is also involved in discussions with a wide range of business organisations such as the Chambers of Commerce and the regional CBI
Confederation of British Industry
The Confederation of British Industry is a British not for profit organisation incorporated by Royal charter which promotes the interests of its members, some 200,000 British businesses, a figure which includes some 80% of FTSE 100 companies and around 50% of FTSE 350 companies.-Role:The CBI works...
and they maintain close contact with regional TEC
TEC
-Companies and organizations:* TEC , a Belgian company* Telecommunication Engineering Center, an Indian government agency* Toyo Engineering Corporation, a Japanese company...
s, Business Link
Business Link
Business Link is a government-funded business advice and guidance service in England. It consists of an online portal managed by HMRC, local/regional advisors and a national helpline.-History:...
s, and Manchester universities. Part of the agent’s role is also to represent the bank and explain its work and policies.
The agency consists of an agent, Tony Strachan, a deputy, Robert Burrows, and two support staff Anne Gawthorpe and Melissa Dunn. The Manchester agency also houses an information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
co-ordinator for the agency network, Michael Pearson.