A leading North East investment company that is helping to regenerate the North East of England has stepped up to boost New Year’s Eve celebrations in Newcastle.
Develop North PLC, managed by Newcastle-based fund management specialists, Tier One Capital, will be the title partner for the first HogmanHOWAY 5K, which will see thousands of people running along a route around the city centre.
Starting and finishing at the Civic Centre, the race will follow a course that takes in sites that Develop North PLC is involved in transforming, as part of a full programme of events in the city on the evening of 31 December.
Founded by North East athletics legend Steve Cram, the HogmanHOWAY 5K is being organised by Events of the North, in partnership with Newcastle City Council and North East Mayor Kim McGuinness. The event is being pitched as the ideal New Year’s Eve event for keen runners of every generation, from elite club athletes to active families who want to celebrate together. Around 2,000 people are expected to take part, with many using the event to make an early start on their New Year’s resolutions to get fit.
Since its inception in 2017, Develop North PLC has supported more than 43 developments with a combined Gross Development Value (GDV) of more than £280m and helped create an estimated 12,000 jobs. To date, the company has deployed almost £90m in capital, with 16 projects in its current live portfolio, more than two-thirds of which are in the North East of England.
Ian McElroy, Chief Executive, Tier One Capital and Director of Develop North PLC, said “Develop North PLC is proud to sponsor the HogmanHOWAY 5K and play a part in what promises to be a fantastic New Year celebration for the region. Events like this shine a light on the best of the North East, our energy, our community spirit and our ambition.
“As Develop North PLC champions investment into the area, it’s brilliant to see occasions that draw people here and showcase what makes this region such an outstanding place to live, work and do business.”
Steve Cram adds: “We’re delighted to welcome Develop North PLC on board as title partner for the HogmanHOWAY 5K. The run is going to showcase the heart of Newcastle, which the company is playing a big role to regenerate. The city centre is already a vibrant and vital hub of our regional economy, and I know that Newcastle City Council and Kim McGuinness have very ambitious plans to enhance that. Runners in the HogmanHOWAY 5K will enjoy a tour of some of Newcastle’s iconic landmarks and we’re working with the team at Develop North PLC to add even more New Year’s Eve sparkle to our plans for the event.”
To enter the HogmanHOWAY 5K, visit https://eventsofthenorth.com/event/hogmanhoway-5k.