Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what consideration he has given to the potential merits of establishing a formal framework for financial intervention to support businesses affected by major cyber incidents, including to protect supply chains, businesses and workers, in the context of the cyber attack on Jaguar Land Rover.

Cyber security of the UK is a key priority for this government and DSIT and NCSC have been taking significant action to help protect businesses against cyber attacks. This includes providing businesses with the tools, advice and support to protect themselves from cyber threats, including free training for boards and staff. We have also put in place:

• The Cyber Governance Code of Practice, which shows boards and directors how to effectively manage the digital risks to their organisation
• The highly effective Cyber Essentials scheme to prevent common attacks – reducing the likelihood of a cyber insurance claim by 92%. The certification scheme includes automatic cyber liability insurance for any UK organisation who certifies their whole organisation and has less than £20m annual turnover.

In cases of acute and exogenous disruption, including in the context of the cyber attack on Jaguar Land Rover, requests for support are assessed on a case‑by‑case basis. The support for JLR. The government agreed to back JLR with a loan guarantee through UK Export Finance, to unlock up to £1.5 billion in commercial financing. This loan covered by the guarantee will be re-paid over 5 years. JLR supports 154,000 UK jobs and protects a critical part of our automotive supply chain.

The Government will continue to prioritise its support and encouragement for cyber resilience across the economy, to reduce the likelihood and impact of incidents such as cyber attacks, while retaining the ability to respond flexibly using existing frameworks where this is justified.