
UK Guarantees JLR Recovery Loan
The financing will be raised privately and backed by the UK’s export credit agency, UK Export Finance. The move is expected to unlock up to £1.5 billion in liquidity for suppliers, many of whom rely heavily on JLR for business In a significant move to stabilize the British automotive sector, the UK government has announced a £1.5 billion ($2 billion) loan guarantee for Jaguar Land Rover (JLR), following a crippling cyberattack that brought production to a halt for nearly a month. The support aims to prevent widespread disruption across JLR’s supply chain, especially among small suppliers teetering on the brink