A development finance lender is celebrating its launch in Scotland with two industry events.

BLG Development Finance has decided to expand its lending service into Scotland, with that it has joined forces with brokerage Conduit Finance to host two launch events in Glasgow and Edinburgh later this month.

Peter Wade, BLG Chairman claimed the move was partly inspired by his belief that Scotland is currently underserved by high street banks and development financers.

He said:  “Scotland has a wealth of experienced house builders who are poised to build more homes but, as a country, it has been underserved by the high street banks and development finance lenders.  

“We are excited to announce that BLG is now bringing much needed specialist house builder funding to the region.”

Peter added that the decision to branch out is part of a much bigger restructure for the business and also revealed that experienced campaigner, Jon Durie, will head up the group’s operations in Scotland.

He said: “This is an organic expansion for BLG; over the past 18 months we have widened our lending programme, funding deals from the south west, Wales and up to the north of England.

“Now we ready and excited to expand across the border. Our Regional Director, Jon Durie, has worked with BLG for several years and lives in Scotland.

“Jon will be our dedicated Regional Director, solely focussing upon new lending in Scotland.”

Peter’s views were echoed by Jon, who is set to enjoy the added benefit of representing BLG in his home nation.

Jon added: “Scotland is a great place to live and work; we believe it has untapped house building potential but Scottish developers have been hampered by the lack of available development funding.  

“Personally, I welcome the opportunity to launch BLG in my home country; I cannot wait to bring BLG’s brand of bespoke funding to house builders and property developers across the country.”

BLG have joined forces with expert intermediary, Conduit Finance, to host 2 launch events:
•    Glasgow, Blytheswood Square on Weds 22 April
•    Edinburgh, National Museum on Thurs 23 April.

Places are limited, to enquire please email jon.durie@business-lending.co.uk