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Government Supports Jaguar Land Rover Through Provision of a Guarantee for a Commercial Loan
Summary by Global Trade Review (GTR)
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Jaguar Land Rover cover went beyond UK Export Finance risk limits
A guarantee provided by UK Export Finance (UKEF) last month to Jaguar Land Rover went beyond the export credit agency’s risk limits and underwriting criteria, requiring it to obtain explicit government approval for the deal. The UK government announced the Export Development Guarantee of up to £1.5bn in late September to help the carmaker secure working finance as it grappled with a massive cyber-attack that temporarily shut down production at…
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