JAGUAR Land Rover looks set to receive millions in support from the Government, it has been reported today.
Around £270 million is believed to be in the form of a loan from the European Investment Bank - underwritten by the Government - with the remaining £500 million coming as a loan guarantee.
The cash is believed to be coming from the £2.3 billion loan package announced by the Government earlier this year.
It could safeguard around 75,000 jobs in the automotive industry - including 4,000 at the sites in Whitley, Coventry and Gaydon in south Warwickshire.
More to follow...