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JLR Secures £1.5 Billion UK Loan Guarantee as Phased Production Restart Nears

Ministers cast the guarantee as a supply‑chain lifeline during a forensic investigation into the breach.

Overview

  • JLR says some sections of manufacturing will resume in the coming days as it carries out a controlled, phased restart.
  • The support is a commercial bank loan guaranteed under UK Export Finance’s Export Development Guarantee, repayable over five years to bolster liquidity and supplier payments.
  • Key IT systems were partially restored last week, helping clear a backlog to suppliers, but hundreds of parts makers remain under severe cash‑flow pressure.
  • The company says hackers accessed some data, and researchers cite a claim by a group calling itself Scattered Lapsus$ Hunters as the NCSC and law enforcement continue the probe.
  • Production has been halted since September 1 across multiple plants with losses reported at about £50 million per week, and some reports say JLR is seeking additional emergency funding.