Jaguar Land Rover: Loans
(asked on 12th March 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how many companies applied to the loan guarantee scheme for Jaguar Land Rover.
Answered by
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
The government agreed to back Jaguar Land Rover (JLR) with a loan guarantee, to unlock up to £1.5 billion in commercial financing. The loan covered by the guarantee will be re-paid over 5 years. JLR supports 154,000 UK jobs and is an important customer for the automotive supply chain.
JLR is in the best position to be able to identify and understand the needs of its supply chain, and to ensure that its suppliers receive timely payments.
Eligible exporters are able to apply to UKEF for support. In this case, the UKEF Export Development Guarantee supports a specific commercial loan to JLR.