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UK Backs £1.5bn Loan Guarantee to Stabilize JLR After Cyberattack

The support seeks to protect a vast supply chain as the carmaker restores critical systems.

Overview

  • Ministers will underwrite a £1.5bn facility through UK Export Finance’s Export Development Guarantee, enabling bank lending repayable over five years.
  • JLR says a controlled, phased restart has restored supplier payments, wholesale sales and registrations, and operations at its Global Parts Logistics Centre.
  • Vehicle manufacturing remains paused until at least 1 October as the company validates systems and continues forensic work with authorities.
  • The Sunday Times, cited by the Guardian, reports engine production in Wolverhampton could resume in early October subject to tests, which JLR has not confirmed.
  • Unions and industry groups warn of layoffs and liquidity stress among SMEs in the supply chain, with the government framing the guarantee as a jobs safeguard.