The UK Government has stepped in to support Jaguar Land Rover (JLR) with a guarantee expected to unlock up to £1.5 billion of commercial bank lending to stabilise its supply chain after a cyber-attack forced production shutdowns, Business Secretary Peter Kyle announced on 28 September. The loan, sourced from a commercial bank but backed by the Export Development Guarantee (EDG) provided by UK Export Finance (UKEF), will be repaid over five years. It is designed to bolster JLR’s cash reserves so the compan ...