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UK Backs £1.5 Billion Loan to Steady Jaguar Land Rover After Cyberattack

The guarantee unlocks five-year commercial financing to support supplier cash flow during a phased restart.

Overview

  • Ministers will underwrite up to £1.5 billion through UK Export Finance’s Export Development Guarantee, enabling a five-year loan from a commercial bank.
  • JLR reports sections of its digital estate are back online, with invoicing capacity increased, wholesale finance restored, and the Global Parts Logistics Centre returning to full operations.
  • The automaker is targeting a phased partial restart around October 1 after the late-August attack forced production pauses at sites in the UK, Slovakia, Brazil and India.
  • The support aims to stabilise thousands of suppliers as unions welcome the step, following warnings of cash shortages, delayed payments and temporary layoffs across the network.
  • Forensic work continues with the National Cyber Security Centre and law enforcement, and a claimed attribution by a group calling itself Scattered Lapsus$ Hunters has not been verified.