Develop North PLC, which is listed on the main market of the London Stock Exchange, has 14 active projects and has concentrated more than 70 per cent of its investment in the North East. John Newlands, chairman of Develop North PLC, said: "Develop North enters this next phase with a strengthened leadership team, a broadened investment strategy and an established platform from which to grow. "We've evolved our investment strategy, strengthened the leadership team, welcomed new shareholders and continued to recycle capital through successful exits, all while maintaining the disciplined approach that has defined Develop North since launch. These exits support Develop North’s approach of recycling capital into new investment opportunities. Develop North expects to complete its first direct investment under the expanded policy before the end of the financial year.