Member News
Develop North PLC (Develop North), the London stock exchange listed investment company managed by Newcastle-based fund management specialists Tier One Capital (Tier One), has provided £2.4 million of development finance to support the construction of seven new industrial units at Whitley Court, Leeming Bar, near Northallerton.
The project, being delivered by Grown From a Seed Developments Ltd, has reached a key milestone with the cladding underway on the steel frames at the scheme, which will provide much-needed modern industrial and trade counter space for North Yorkshire businesses.
Strategically located on Leeming Bar Business Park, adjacent to Junction 51 of the A1(M), the speculatively built Whitley Court scheme will comprise seven high-quality warehouse and trade counter units, each featuring DDA-compliant facilities, kitchenettes, customer entrances, high-bay electric roller shutters, EV charging points, and allocated car parking.
Reflecting the growing demand for sustainable commercial property, each unit will also incorporate solar PV panels and rainwater capture recycling systems, supporting environmental performance and lower operational costs for occupiers.
The location offers excellent connectivity via the A684 and A1(M), with nearby occupiers including R&R Ice Cream, Cawingredients, APB, Heiniger, and Shell Exelby Motorway Services, making it an attractive destination for new and expanding businesses.
Whitely Court is the latest development to be supported by Develop North. Since its inception in 2017, Develop North, listed on the London Stock Exchange, has deployed over £89 million in capital across 43 projects, helping to create more than 12,000 jobs and deliver a combined gross development value of over £280 million across the North of England and Scotland.
Develop North also recently announced proposals to change its investment policy, and a potential fundraise. The proposed fundraise will enable Develop North to invest at a greater scale and take advantage of the new proposed investment policy. Both the proposed fundraise and adoption of the proposed investment policy will be subject to shareholder approval.
Kate Grint, Director at Grown From a Seed Developments Ltd, said: “Whitley Court has been designed to meet the needs of modern businesses looking for high-quality, sustainable space in a prime North Yorkshire location. Being adjacent to the A1(M) means tenants will benefit from superb transport links, while also becoming part of a thriving commercial community that continues to grow around Leeming Bar.”
Brendan O’Grady, Fund Manager at Tier One Capital, added: “Develop North is committed to supporting projects that deliver real economic impact. From housing to commercial developments, our funding helps create employment, regenerate communities, and strengthen the regional economy.
“This development at Whitley Court is a great example of how targeted investment can unlock opportunities for local businesses and contribute to long-term growth in North Yorkshire.”
