An investment firm has appointed a new boss.
Develop North has unveiled Michelle Percy as chief executive.
Bosses say her arrival will boost a planned £58 million fundraise and a wider blueprint to become a £300 million asset under management company.
Formerly at Newcastle City Council, Michelle worked on regeneration and development projects including Forth Yards, Pilgrim Street and Newcastle Helix.
She was also previously a director at Clouston Group, with her CV including time on Newcastle’s Stephenson Quarter development and Crowne Plaza Hotel.
Praising her “extensive knowledge and experience”, officials at London Stock Exchange-listed Develop North – which is managed by Newcastle-based Tier One Capital – say Michelle will drive a new growth chapter across the residential, commercial and real estate lending sectors.
Michelle said: “The region is continuing to attract national and international interest, and Develop North has a unique role to play in helping unlock inward investment while giving people the opportunity to invest directly in the region’s future.
“I’m excited to help build a platform that channels capital into projects that make a real difference.”
John Newlands, Develop North chair, added: “Michelle brings an outstanding pedigree.
“Her track record of securing investment, delivering major regeneration schemes and building effective partnerships across the public and private sectors is second-to-none in the North East.”
Since its 2017 founding, bosses say Develop North has supported more than 40 projects and about 12,000 jobs, and deployed capital worth about £90 million.
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