Private credit platform Pluto Finance has opened its first UK regional office in Edinburgh at 26 Alva Street which will be headed by Jamie Drummond the recently appointed lending director for Scotland.
Its presence in Edinburgh reinforces Pluto’s long-term commitment to Scotland and will enable it to better serve both its Scottish investor base and Scottish property developer market with its debt financing solutions, where loan sizes range from £5 million to £100m.
As banks have retrenched from SME property development lending, Pluto has captured the opportunity in Scotland to provide developers with flexible and innovative lending solutions allowing them to fund much-needed development projects of all sizes across the country.
Since joining Pluto in March 2025, Mr Drummond has developed a strong pipeline of lending opportunities across a range of loan sizes and asset classes that could support the building of more than 2,000 homes, logistics space, and office accommodation supporting local jobs, regional economies and supply chains in the process.
The need for SME development funding in Scotland is considerable including the rate of completed new build housing falling far below the government’s ambitious housing targets and the number of homes where building has started is at its lowest for 20 years.
Mr Drummond said: “The Scottish market provides a considerable opportunity for tailored development finance, driven by strong demand from SME developers and a clear gap left by the withdrawal of traditional banks.
“Pluto’s ability to provide fast, flexible and structured capital allows us to support a broad spectrum of development projects. We are one of the few lenders able to serve both large corporate and SME borrowers, offering leverage and pricing solutions that compete effectively with high street banks, challenger lenders and alternative finance providers.
“Establishing a permanent presence in Edinburgh strengthens our ability to deploy capital efficiently and reflects Pluto’s long-term commitment to the country’s housing delivery.”
Justin Faiz, CEO of Pluto Finance, added: “Our decision to open in Edinburgh and appoint Jamie reflects the scale of the opportunity in Scotland.
“The Scottish housing market and wider commercial development market needs new sources of funding and we are committed to deploying capital here. Our new office will play a key role in helping us support local developers, strengthen local supply chains, and accelerate the much-needed delivery of new homes.”
