A UNITED STATES bank firm is set to invest up to £350 million in modernising Bournemouth campus.

Some great news this morning – an American bank firm is set to invest up to £350 million in modernising and expanding its Bournemouth campus.

JP Morgan Chase’s commitment to the town will benefit its 5,300 Bournemouth employees, as well as young people across the South West with further investment in non-profit organisations.

A UNITED STATES bank firm is set to invest up to £350 million in modernising and expanding its Bournemouth campus.

A spokesperson for the company said the huge investments show JP Morgan Chase’s confidence in Bournemouth as a place to do business.

Jamie Dimon, chairman and chief executive officer of JP Morgan Chase, said: “Bournemouth has long demonstrated that there is strong financial services and technology talent outside of London, and we’re proud to be the largest private employer there.

“Wherever we operate, we believe in making a positive impact, and this long-term investment in a world-class workplace and in local skills development is something the community will truly benefit from.”

After moving to Bournemouth nearly 40 years ago, the company will soon be submitting plans to add a new building to its campus and transform its existing spaces.

It is said that the plans will create a “world-class centre for financial innovation, payments technology and artificial intelligence”.

Employees are told to expect dedicated collaborate and communal areas as well as enhanced health and wellness facilities.

Since moving to the town in 1986, Bournemouth’s campus has grown from 650 employees to over 5,000.

It has become the firm’s second largest location in Europe, the Middle East and Africa (EMEA).

As Dorset’s largest private sector employer, the site processes around 350,000 transactions daily, totalling over $1 trillion each day.

The company prides itself on community engagement, with Bournemouth employees contributing over 8,000 hours to 136 local projects in 2024.

Tom Hayes, MP for Bournemouth East, said the investment “clearly signals that Bournemouth is a great place to build a future”.

Jessica Toale, MP for Bournemouth West, added that the announcement shows that not only is the UK ‘open for business’ but is a “huge boost” for the South West economy.

JP Morgan Chase is said to focus on skill-based hiring, over degrees or job titles, and provides young people with work experience, internships and apprenticeships.

The company announced that £980,000 will be invested in philanthropic support to the UK’s largest responsible business network, Business in the Community .

The firm will work with local employers and stakeholders to improve social mobility and attract further investment in the town.