House of Commons · Written Ministerial Statement
UK Export Finance Contingent Liability for Jaguar Land Rover
29 October 2025 · Department for Business and Trade
Proposed by Chris McDonald Lab Stockton North
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- UK Export Finance (UKEF) is providing an export development guarantee to support Jaguar Land Rover's working capital.
- The new contingent liability exceeds 300,000 and was established due to urgent financial requirements and recent cyberattack impacts on JLR.
- A Departmental Minute is being presented to Parliament for the particulars of this new contingent liability.
Issue summary
The statement addresses a new contingent liability by UK Export Finance (UKEF) for Jaguar Land Rover (JLR), providing an export development guarantee to support JLR's working capital.
Action requested
The Minister is presenting a Departmental Minute to Parliament detailing the particulars of the new contingent liability, which exceeds £300,000 and was undertaken due to urgent financial requirements and recent cyberattack impacts on JLR. The normal period for consideration has been shortened due to urgency.
Key facts
- Jaguar Land Rover requested a commercial loan of £1.5bn from UKEF for working capital.
- This loan is repayable over five years.
- The contingent liability was created due to the recent cyberattack on JLR's export business and wider operations.