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UK Guarantees Five-Year Loan of Up to €1.5 Billion for Jaguar Land Rover After Cyberattack

JLR reports restored systems are clearing supplier payments ahead of a planned partial restart on October 1.

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.