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ROYAL Bank of Scotland is relocating its commercial headquarters in the Tees Valley to the Forsyth Business Centre and increasing its floorspace by 500%.

The new HQ at Dunedin House will be home to the Tees Valley commercial banking team, plus Lombard - the asset finance arm of RBS, RBS Invoice Finance, Independent Financial Services, Business Banking, Global Transaction Services and Coutts.

The team will provide support to businesses from South Durham to Northallerton.

RBS has taken the entire 5,385sq ft of first floor space at Dunedin House.

James Cornell, director of commercial banking for RBS in Tees Valley, said it demonstrated the bank’s commitment to the Tees Valley.

“Moving to a new office provides us with an opportunity to bring together staff from across the RBS Group for the benefit of our customers.

“This will enable us to work more closely together and allow us to create more bespoke financial solutions for businesses across Tees Valley.

“Our focus is firmly centred on our customers who have access to a dedicated, professional and highly experienced relationship team.

“Tees Valley is a growing region and one that is attracting greater investment and an increasingly sophisticated customer base.

“Our objective is to create a centre of excellence that will allow us to offer innovative and flexible thinking, extensive resources and unrelenting focus on our relationships with the business community,” he added.

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