Newcastle upon Tyne based Fund Management specialists Tier One Capital (Tier One), the fund manager to North East investment company Develop North PLC (Develop North), has taken to the world real estate stage to outline the importance of regional investment for economic growth, job creation and social impact.
The Tier One Fund Management team joined the Invest Newcastle delegation at MIPIM in the South of France, where they engaged with delegates on the evolving landscape of regional investment.
They emphasised the growing importance of investing with purpose across the UK’s wider regions to ensure that capital aligns with opportunity. Their discussions highlighted how strategic investment can drive regional economic growth while delivering long-lasting social benefits for local communities.
Develop North is a North East based investment company listed on the main market of the London Stock Exchange and is a leading provider of finance solutions of between £0.5 million and £5million to credible professionals and businesses across the North of England and Scotland.
As a Public Limited Company (PLC), Develop North has the financial strength, credibility and professionalism expected of a business listed on the London Stock Exchange, while also offering the flexibility, creativity and common sense of an approachable, local business.
The company’s objective is to provide investment and alternative finance solutions to professional, credible and capable businesses in the North of England and Scotland, whilst simultaneously generating attractive returns for investors.
Since 2017, Develop North PLC has invested almost £100 million in funding 40 projects across the North of England and Scotland and has helped create over 3,200 jobs with a gross development value of over £250 million.
Recent successful projects have included a £2.2million, 30-month facility to fund the construction of a new warehouse in Darlington, a £1.1million, 24-month facility to refurbish a hotel and wedding venue in North Yorkshire and a £2.7m residential development in Hexham, Northumberland.
MIPIM is the world’s leading real estate event, bringing together the most influential players in the international property industry for four days of networking.
Speaking at the event, Fergus Trim, Broadoak Asset Management, representing Tier One Capital, said: “As a key sponsor of MIPIM and partner of Invest Newcastle, we wanted to fly the flag for the North East region to influential players in the international property industry, at the same time highlight the importance of the Develop North Fund and the role regional investment can play supporting SME's and economic growth.
“Devolution and a changing investment and development landscape has created real opportunities for a trusted local fund with a focus on the North East and a real depth of knowledge of the local market.
“MIPIM is an ideal platform for us to outline our plans and the fund management team at Tier One is now looking to capture exciting growth opportunities in the next stage of the strategic growth, as we explore investment opportunities and develop potential new partnerships.”
Dr Sarah Green OBE, Chief Executive, NewcastleGateshead Initiative, said: “We are delighted to have welcomed the Fund Management team from Tier One Capital representing Develop North PLC to our MIPIM delegation this year, helping us champion the North East on the global stage.
“A diverse funding landscape is central to our investor offering, so we were thrilled to have Develop North join us in Cannes to discuss their fund and support our broader mission of driving investment into places and communities.”