REG - Develop North PLC - Appointment of Chief Executive Officer

Develop NorthAnnouncement

26/01/2026 07:00

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RNS Number : 0350Q  Develop North PLC  26 January 2026

26 January 2026

DEVELOP NORTH PLC
(the "Company" or "DVNO" or "Develop North")

Appointment of Chief Executive Officer

Develop North PLC, the North East England based investment company, is pleased
to announce the appointment of Michelle Percy as its new Chief Executive
Officer with immediate effect. Her appointment comes as the Company enters the
next phase of its growth following the publication of its prospectus and the
launch of a £58 million fundraise.

Michelle joins Develop North after almost nine years at Newcastle City
Council, where she played a leading role in fostering public-private
partnerships and attracting inward investment. She worked on major
regeneration and development projects which formed part of a development
pipeline valued at approximately £7 billion.

Michelle was also closely involved in engaging with major investors and
stakeholders, including working alongside Newcastle United's leadership
following the club's takeover by a Saudi-led consortium. Prior to joining
Newcastle City Council, Michelle was a Director at Clouston Group, where she
contributed to landmark developments including the Stephenson Quarter and the
Crowne Plaza Hotel in Newcastle.

Michelle will not join the Board of Directors at this time. Michelle is
independent of Tier One Capital Ltd, Broadoak Asset Management Limited and
Homes or Houses Limited.

Michelle Percy, Chief Executive Officer of Develop North PLC, said: "I am
proud to join Develop North at such an important moment for both the Company
and the North East. Develop North has a unique role in unlocking inward
investment and giving people the opportunity to invest in the region's future.
This appointment builds on my long-standing commitment to a region I care
deeply about, and I look forward to helping develop a platform that channels
capital into projects that deliver meaningful impact."

John Newlands, Chairman of Develop North PLC, said: "Michelle brings an
outstanding pedigree to Develop North, with a strong track record across the
North East in securing investment, delivering major regeneration schemes and
building strategic partnerships. The Board is confident that her appointment
will support Develop North's next phase of growth."

Enquiries:

 Develop North PLC                                                           +44 (0) 191 222 0099
 Michelle Percy

 Tier One Capital Ltd (Investment Adviser)                                   +44 (0) 191 222 0099
 Brendan O'Grady
 Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker)  +44 (0) 207 220 0500
 Robert Peel

Andrew Worne

Oscar Valeur-Adu
 Alma Strategic Communications (Financial Communications Adviser)            +44 (0) 203 405 0211
 Andrew Jaques

Josh Royston

Joe Pederzolli

Louisa El-Ahwal

 

Notes to Editors:

Develop North PLC's investment objective is to provide shareholders with a
consistent and stable income and the potential for an attractive total return
over the medium to long term, through a diversified portfolio of investments
predominantly in the North East of England.

The Company 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.

Since the Company's IPO in 2017, it has invested almost £90 million of
capital into the North of England and Scotland and has helped support an
estimated 12,000 jobs with a gross development value of more than £280
million.

 

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