Pluto Finance has opened its first UK regional office in Edinburgh, reinforcing its long-term commitment to Scotland’s property development market.
Located at 26 Alva Street, the new office will be led by Jamie Drummond, who joined the business as lending director for Scotland in March 2025.
The move is intended to strengthen Pluto’s ability to serve both Scottish developers and investors, offering tailored debt financing solutions for projects ranging from £5m to £100m.
With traditional banks retreating from SME development finance, Pluto aims to fill the gap by providing fast, flexible capital to fund a variety of schemes across housing, logistics, and commercial space.
Jamie Drummond, lending director for Scotland at Pluto Finance, 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.”
Since joining Pluto, Drummond has built a pipeline of deals that could support the development of more than 2,000 homes, along with logistics and office space, contributing to regional growth and supply chain resilience.
The expansion comes at a time when new build activity in Scotland remains significantly below Government targets and housing starts are at a 20-year low.
Justin Faiz, CEO of Pluto Finance, said: “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.”
