B Works offers a modern space for both consumers and SME customers, with a full range of core retail and SME banking services.

It will include a business banking centre, co-working space and free-to-use private meeting rooms for local freelancers, entrepreneurs and small businesses.

It will also offer a presentation and business showcase space as well as a regular programme of business events.

The on-site B Social Studio will enable SMEs to create their own social and digital marketing content and podcasts with the support of experts.

This is part of the specialist bank’s £12m business banking investment, which is being made in preparation for the RBS incentivised switching scheme.

David Duffy, chief executive at CYBG (pictured above), said: “Our heritage and track record for supporting SMEs and the economy in the North of England is well-known and I’m delighted we’re further strengthening our presence in Manchester by opening our B Works store.

“Small firms and local entrepreneurs are forecast to contribute £12bn to the local Manchester economy by 2020 and with the number of SMEs operating in the region increasing by 36% in the last eight years, Manchester is an exciting place to do business.” 

Henri Murison, director of Northern Powerhouse Partnership, added: “It’s good news CYBG is increasing Yorkshire Bank’s presence in the North West, strengthening its SME offering and bringing its digital expertise to Manchester. 

"B Works is a huge vote of confidence for the North West’s SME community and highlights the strength of Manchester as a place for new, growing businesses.

"The bank has been a strong supporter of the Northern Powerhouse agenda and this investment further demonstrates its commitment to driving the North’s ambition, particularly as so much of our future growth to make us greater will be built by our SMEs.”