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Loan wait.

SPECULATION was growing last night that Jaguar Land Rover would hear today that its bid for a pounds 270 million European loan had been approved.

The announcement would follow months of delays and would safeguard the future of 13,000 workers in the West Midlands.

The Midlands' biggest manufacturer is waiting for approval of a 300 million euro loan from the European

Investment Bank.

But JLR would also need approval of a government loan guarantee to underwrite the pounds 270 million.

The biggest UK joint newspaper campaign in years was launched in early January to help save JLR from potential disaster.

The Coventry Telegraph and our sister papers in Birmingham have been banging the drum with the Support Jaguar Land Rover campaign..
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Publication:Coventry Evening Telegraph (England)
Date:Apr 7, 2009
Words:122
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