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Funds released to stimulate North-East commercial market

Ian McElroy, chief executive of Tier One, the investment adviser to PBLT A FINANCIAL services firm in the North-East has announced a further £10 million of funds to help stimulate the region’s commercial and residential property markets amid industry concern. In response funding access concerns expressed by developers, Tier One Capital is providing finance to the property and construction sectors via TOC Property Backed Lending Trust (PBLT), which it manages. The firms says funds will help support the government’s ambition to ‘build back better’ after the coronavirus pandemic, generating economic activity through the creation of new homes and premises for businesses.

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