UK and European private credit platform Pluto Finance has opened its first UK regional office, in Edinburgh.

The new office will be headed by Jamie Drummond, the recently-appointed lending director for Scotland.

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Pluto’s presence in Edinburgh 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 £5m to £100m, the firm said.

Pluto aims to provide developers with flexible and innovative lending solutions, allowing them to fund much-needed development projects of all sizes across the country.

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Since joining Pluto in March, the business said that 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, as well as logistics space and office accommodation.

“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 Drummond.

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