Pluto Finance has invested £628m in small and medium-sized enterprise (SME) developers through its UK real estate debt fund.
The manager has published an independent impact report by The Good Economy for its UK Real Estate Debt Fund VIII. It revealed that the fund has provided £628m of lending to 43 SME developers across 56 schemes.
Overall, the report found that the fund has delivered nearly 4,000 new homes, including affordable housing, supported by loans from the fund. It said the funding had supported 4,700 jobs and generated £315m in gross value added for local economies.
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The report also highlighted that more than 70 per cent of lending had been directed towards affordability-constrained areas.
“SME developers have a vital role to play in addressing the UK’s housing crisis, but access to finance remains a key constraint on their ability to deliver and scale,” said Sarah Forster, co-founder of The Good Economy. “Fund VIII demonstrates how well-structured real estate debt strategies can deliver measurable outcomes including accelerating the delivery of high-quality, energy-efficient homes and supporting local employment and economic growth.”
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Pluto Finance is a real estate private credit platform specialising in development and bridging finance for housebuilders and real estate developers. Since inception in 2011, the manager has lent more than £3.9bn.
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