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UK Export Finance Contingent Liability for Jaguar Land Rover
29 October 2025
Type
Written Ministerial Statement
Department
Department for Business and Trade
At a Glance
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.
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Assessment & feedback
Summary accuracy