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Develop North hires ex-Newcastle City Council key figure as CEO

Published: January 26, 2026 at 8:52 am

Author: Patrick Killeen

Develop North has appointed Michelle Percy as its new CEO as the North East-based investment company ramps up for its next phase of growth following the launch of a £58 million fundraise.

Percy’s appointment takes effect immediately and comes soon after the publication of its prospectus.

It plans to expand its activity as it continues to deploy capital into projects across the region.

Percy joins the listed company after almost nine years at Newcastle City Council, where she played a senior role in attracting inward investment and building public-private partnerships across a development pipeline valued at around £7 billion.

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