Finance
Britain pledges $2 billion loan guarantee for Jaguar Land Rover
Published by Global Banking & Finance Review®
Posted on September 27, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 27, 2025
2 min readLast updated: January 21, 2026
The UK government has pledged a $2 billion loan guarantee to support Jaguar Land Rover's supply chain after a cyberattack halted production for nearly a month.
LONDON (Reuters) -Britain will back Jaguar Land Rover with a 1.5 billion pound ($2 billion) loan guarantee to help support its supply chain in the wake of the luxury carmaker's production shutdown following a cyberattack.
Jaguar Land Rover's shutdown has lasted nearly a month, and the government had been exploring options to support the company and its supply chain, with some small suppliers saying they had one week left at most before they ran out of cash.
The carmaker, which is owned by India's Tata Motors, has three factories that together produce about 1,000 cars per day, and sustain many jobs in the area around Birmingham, Britain's second biggest city, and the northern city of Liverpool. A survey on Friday showed that some firms were reducing staff hours or making redundancies.
Business minister Peter Kyle said the cyberattack was "not only an assault on an iconic British brand, but on our world-leading automotive sector."
"This loan guarantee will help support the supply chain and protect skilled jobs," he said.
The business ministry said the loan would be privately financed and guaranteed by Britain's export credit agency UK Export Finance, and was expected to unlock 1.5 billion pounds of support for the carmaker's supply chain.
($1 = 0.7463 pounds)
(Reporting by Alistair Smout; Editing by Chizu Nomiyama )
The UK government is offering a 1.5 billion pound ($2 billion) loan guarantee to support Jaguar Land Rover's supply chain.
Jaguar Land Rover's production has been impacted by a cyberattack, leading to a shutdown that has lasted nearly a month.
Jaguar Land Rover is owned by India's Tata Motors.
The loan guarantee is expected to unlock 1.5 billion pounds of additional support for the automotive sector and protect skilled jobs.
Jaguar Land Rover's three factories produce about 1,000 cars per day.
Explore more articles in the Finance category
