'Speed is of the essence' to help firms on a cliff edge in the JLR supply chain - metalforming industry leader says

The Confederation of British Metalforming (CBM) welcomes the government announcement to back JLR with a £1.5billion guaranteed loan. - Automation Update

This is the type of intervention that the CBM Taskforce, which has been supporting the car maker’s supply chain, has been requesting and we’re pleased to see it come to fruition. We are urgently pressing for more details on the support and, importantly, how we make sure the finance cascades down the supply chain and gets to companies who are currently on a cliff edge with cash running out and jobs in the balance. If we can make sure this funding…

'Speed is of the essence' to help firms on a cliff edge in the JLR supply chain - metalforming industry leader says

The government is to provide loan guarantees worth £1.5 billion for JLR, which has had to pause production of its car making facilities since being hit by a cyber attack at the end of August, and this has been welcomed by the CBM which represents a large number of firms in the JLR supply chain.