Overview

• Business Secretary Peter Kyle confirmed the guarantee under the Export Development Guarantee scheme to unlock a commercial bank loan.
• JLR says key systems are back online to process invoices, restore parts logistics and wholesale finance, and it is targeting a partial production restart by October 1.
• The guarantee is intended to stabilize payments to hundreds of SMEs after production pauses across the UK, Slovakia, Brazil and India strained cashflows.
• Unions welcomed the move as support for jobs across the West Midlands and Merseyside, with government saying JLR will repay the loan over five years.
• Forensic work continues with the NCSC and police, a group calling itself Scattered Lapsus$ Hunters has claimed responsibility, and reports suggest JLR may face uninsured losses near £2 billion.