"This cyberattack was not only an assault on an iconic British brand, but on our world-leading automotive sector and the men and women whose livelihoods depend on it. Following our decisive action, this loan guarantee will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside, and throughout the UK. We're backing our automotive sector for the long term through our modern Industrial Strategy and the landmark trade deals we've signed to boost exports, as part of our Plan for Change."
"That's bad for the automotive industry. We need those skills and those people kept attached to those firms. And we can't just have a cyberattack take down one big manufacturer like Jaguar Land Rover, and the supply chain then go down because it's incredibly difficult to put it back together again, once things are back up and running."
The UK government is providing a £1.5 billion government-backed loan to Jaguar Land Rover to support recovery after a cyberattack. The loan aims to help JLR bring invoicing systems back online and to support companies across its extensive supply chain. The measure is intended to protect skilled jobs in the West Midlands, Merseyside and across the UK while underpinning long-term industrial strategy and export growth. Politicians visiting production plants and suppliers emphasized the urgency, warning of a large cyber shockwave causing job losses and warning of difficulty rebuilding supply-chain connections. JLR production plants have remained closed since August 31, straining suppliers and local communities.
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