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UK Guarantees £1.5 Billion Loan to Shore Up Jaguar Land Rover Supply Chain After Cyberattack

The state guarantee through UK Export Finance is intended to unlock private lending to keep parts suppliers solvent.

Overview

  • The Export Development Guarantee will back a commercial bank loan repayable over five years, providing JLR with liquidity to pay affected suppliers.
  • JLR says it has restored parts logistics and wholesale finance systems in a controlled restart, with vehicle production still paused and a restart targeted for October 1.
  • Reports indicate the Wolverhampton engine plant could resume limited operations on October 6 subject to clean system tests, though JLR has not confirmed the date.
  • Industry data shows roughly a quarter of suppliers have paused work or made layoffs, and unions welcomed the guarantee as a first step to protect jobs across the network.
  • Investigations with the NCSC and law enforcement continue after JLR confirmed customer data theft, with a claim linked to Scattered Spider under review and scrutiny mounting over TCS’s cyber role.