“What steps his Department is taking to support businesses in the Jaguar Land Rover supply chain affected by the recent cyber attack.”
Asked by
Oliver Ryan
Answering Minister
the Secretary of State for Business and Trade
Answer from Hansard
The Parliamentary Under-Secretary of State for Business and Trade (Chris McDonald)
All Jaguar Land Rover’s UK factories have restarted and the company is offering a financing scheme to qualifying suppliers. UK Export Finance has also provided a partial guarantee for a £1.5 billion loan from commercial lenders to help JLR manage its businesses and pay its suppliers. I am grateful for my hon. Friend’s continued advocacy for the Jaguar Land Rover supply chain, in particular small businesses in the Burnley constituency. I understand that small businesses are now receiving support through the scheme, although more work needs to be done.