This location will be the base for a number of business development managers (BDMs) with access to regionally-based underwriters.

James Meigh, regional director of the North for Recognise Bank, will head up the Leeds office.

The move aims to reinforce Recognise Bank’s commitment to the North, SMEs and cloud-based tech.

Meigh said: “The growth of technology firms alone shows just how vibrant business is in Leeds and the region.

“But other business sectors are in great health and are keen to work with financial partners and professionals that understand the local economic environment and can help them grow.

“Leeds is quickly becoming one of the UK’s most important financial services sectors outside of London, so it is a great place for Recognise Bank to base itself as we look to grow and serve even more customers in the north.”