The bank has submitted a planning application to Glasgow City Council requesting permission to change the use of the 19th century building.

Barclays has said the site is “the missing piece of the jigsaw” for the riverside development.

The building could feature an event and meeting space, offices, and a lab for “like-minded entrepreneurs” as well as the bank.

The site is currently in a “serious state of disrepair” and has been on the Buildings At Risk register since 2007, The Herald reports. 

A planning report submitted on behalf of Barclays says the extent of the disrepair although “not unexpected” is “beyond what was originally anticipated.”

The report adds: “Since acquiring their Glasgow campus, Barclays has acted quickly to secure as much of the fragmented Beco building titles as possible in order to safeguard the listed building.

“This application has been submitted to facilitate Barclays full occupation of the Beco building and its integration into their Glasgow campus.”

The application also said that the development will be highly accessible to those within working and living within the development while also providing banking facilities for the wider community.