The British government has provided a 1.5 billion loan guarantee for Jaguar Land Rover.

The British government announced on September 28th that it has agreed to provide guarantee support to Jaguar Land Rover, with an estimated release of up to 1.5 billion to ensure stability of its supply chain following a recent cyber attack. This loan provided by commercial banks will be supported by export development guarantees from UK Export Finance, with a repayment period of five years, aimed at enhancing Jaguar Land Rover's cash reserves to support supply chains that have been significantly impacted by production stoppages.