ISIS Waterside Regeneration boss Mark Ryder has resigned as the business ‘streamlines’ in the difficult economic conditions.

Ryder, chief executive of the waterside regeneration developer, said he felt his ‘core skills’ would not be put to best use in the business going forward.

The move follows eight members of staff leaving the company over the summer.

ISIS will now focus on its Granary Wharf and Islington Wharf schemes in Leeds and Manchester respectively, which account for 782 homes.

ISIS has a total of ten development schemes in its portfolio across Leeds, Manchester, Glasgow, Birmingham, Nottingham and Tottenham and Brentford in London.

‘Whilst these difficult market conditions continue no decision has been made on when and how the balance of the portfolio will be progressed,’ said Ryder.

He said he was open minded about his future career but was considering working on his own as a regeneration specialist and consultant.

ISIS was formed in October 2002 by British Waterways and Igloo, the regeneration fund of Morley.