Develop North PLC (Develop North), a North-East investment company managed by Newcastle based fund management specialists, Tier One Capital (Tier One) has appointed Alma Strategic Communications (Alma) as its Financial PR adviser.
Alma is an independent strategic communications consultancy delivering quality advice and high levels of service. Alma advises a wide range of clients including FTSE 250, AIM-listed and private businesses across multiple sectors.
Develop North, which is listed on the main market of the London Stock Exchange, provides finance solutions to credible professionals and businesses across the North of England and Scotland.
Since its inception in 2017, the fund has deployed almost £100 million in capital to support over 40 projects, creating more than 3,200 jobs and helping deliver a gross development value of nearly £250 million.
Ian McElroy, Chief Executive, Tier One, said: “Appointing Alma is a natural step as we continue to build on Develop North’s future investment and wider fund strategy. Their undoubted expertise in the financial sector will help support and demonstrate the value we bring to our investors and the important role Develop North plays in contributing to economic development across the North East.”
Andrew Jaques, Partner at Alma, commented: “We are delighted to be working with Develop North, a business that plays a meaningful role in supporting regional growth in the North East.
“We look forward to helping communicate the company’s clear investment strategy to a broader audience of investors.”