"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"
- Jamie Drummond - Pluto Finance
Pluto Finance has launched its first UK regional office in Edinburgh, enabling the firm to deliver faster, more tailored lending to local developers and its growing network of Scottish investors.
The private credit platform confirmed that its new office, located at 26 Alva Street, will be led by Jamie Drummond, who joined the firm in March 2025 as lending director for Scotland.
Pluto’s expansion into Scotland aims to strengthen its support for both local investors and developers. The firm offers debt financing ranging from £5m to £100m. As traditional banks have scaled back lending to small and medium-sized property developers, Pluto has positioned itself to address the gap by offering flexible and structured capital for a wide range of development projects.
Since joining Pluto, Drummond has built a pipeline of potential deals spanning various asset classes and loan sizes. These prospective investments could help facilitate the delivery of more than 2,000 homes, logistics space and office accommodation, supporting jobs, regional economies and supply chains across Scotland.
“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,” said Jamie Drummond, lending director for Scotland. “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.”
The firm noted that demand for SME development funding in Scotland remains high, with the rate of completed new build homes falling well short of the Scottish Government’s housing targets. The number of new home starts is also at its lowest level in two decades.
“Our decision to open in Edinburgh and appoint Jamie reflects the scale of the opportunity in Scotland,” said Justin Faiz, CEO of Pluto Finance. “The Scottish housing market and wider commercial development market need 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.”
