Government to guarantee £1.5bn JLR loan after cyber shutdown42 minutes ago Share Save Ruth Comerford Share SaveReutersThe government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) in a bid to support its suppliers as a cyber attack continues to halt production at the car maker. Business Secretary Peter Kyle said the loan, from a commercial bank, would protect jobs in the West Midlands, Merseyside and across the UK. There have been growing concerns some suppliers, mostly small businesses, could go bust due to the prolonged shutdown. The government will underwrite the loan through the Export Development Guarantee (EDG), a financial support mechanism aimed at helping UK companies who sell overseas. A parliamentary committee said some small suppliers had told them they had, at most, one week left before they ran out of cash.