Overview
- Business Secretary Peter Kyle said the support uses UK Export Finance’s Export Development Guarantee to enable a five-year commercial bank loan.
- The guarantee is expected to unlock up to €1.5 billion to stabilise operations and supplier cash flow following the production stoppages.
- Ministers framed the move as protecting skilled jobs, citing 34,000 direct employees at JLR and about 120,000 across its UK supply network.
- A late‑August cyberattack forced production pauses at major sites in the UK as well as Slovakia, Brazil and India, straining supplier payments.
- JLR says key IT functions are back online, invoice backlogs are being cleared, and a phased return to manufacturing begins with a partial restart on October 1.