Sat, 27 Sep 2025

Sat, 27 Sep 2025 Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown

Ministers hope the loan, from a commercial bank and underwritten by the government, will give certainty to suppliers.

* The government will underwrite a £1.5bn loan guarantee to support Jaguar Land Rover's suppliers, who may struggle due to the prolonged shutdown caused by a cyber attack.
* The loan will be paid back by JLR over five years, with the aim of boosting the company's cash reserves and enabling it to make backlog payments to its suppliers.
* No cars have been built at JLR factories this month, and the halt in operations is costing the company at least £50m per week.
* The government's support aims to protect 150,000 jobs across the UK, including those of small business suppliers who may go bust if they do not receive payment.
* The loan will be guaranteed by the Export Development Guarantee (EDG), a financial mechanism aimed at supporting UK companies that sell overseas.
* The cyber attack on JLR has been attributed to a group calling itself Scattered Lapsus$ Hunters, which also claimed responsibility for attacks on retailers earlier this year.
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