Why JLR is getting a $2B loan from UK government
**Why JLR Is Getting a $2 Billion Loan from the UK Government**
*By Dwaipayan Roy | Sep 28, 2025, 12:02 PM*
The British government has announced a loan guarantee of £1.5 billion (approximately $2 billion) for Tata-owned Jaguar Land Rover (JLR). This significant intervention comes in the wake of a month-long production halt caused by a cyberattack that severely disrupted JLR’s supply chain and threatened numerous jobs.
### Financial Details: Loan Guarantee to Aid JLR’s Supply Chain
The loan guarantee will be provided through a commercial bank and backed by UK Export Finance. Scheduled to be repaid over five years, this facility is expected to unlock crucial support worth £1.5 billion to help stabilize JLR’s supply chain.
The cyberattack forced JLR to halt production at its plants not only in the UK but also in Slovakia, Brazil, and India earlier this month, causing widespread disruption throughout its global supply network.
### Industry Disruption: Cyberattack Idles JLR’s Plants, Affects Suppliers
The impact of the cyberattack extends beyond JLR itself to its suppliers. Several small suppliers have warned they have just a week before running out of cash. In response, the British government is actively working to support these companies during this critical period.
### Job Security: Loan Guarantee Aims to Protect Skilled Jobs
JLR operates three key factories producing around 1,000 vehicles daily. These plants support many jobs, particularly in the Birmingham area and Liverpool. However, a recent survey revealed that some firms linked to JLR’s supply chain have begun cutting staff hours or laying off workers due to the ongoing crisis.
Through this loan guarantee, the government hopes to stabilize these businesses and secure skilled jobs across the country.
### Official Statement: Business Minister Condemns Cyberattack
Business Minister Peter Kyle described the cyberattack as “not only an assault on an iconic British brand, but on our world-leading automotive sector.” He emphasized that the loan guarantee will help sustain the supply chain and protect valuable skilled employment.
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The UK government’s financial backing of JLR underscores the importance of protecting a cornerstone of the nation’s automotive industry amid emerging cyber threats and economic challenges.
https://www.newsbytesapp.com/news/auto/uk-government-to-back-jlr-with-a-2b-loan-guarantee/story
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