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Petition update, 07 October 2009

More details from petition creator

This is not a bail-out: This well-run company is not asking for hand-outs, but loans or guarantees at commercial rates to enable it to get on with developing high quality cars.

Tata invests heavily in JLR: JLR itself made a £327 million operating profit in 2007 and £310 million operating profit in the first half of 2008. Tata is a socially responsible owner and has invested heavily in JLR since acquiring it in June 2008.

It’s the green choice: JLR accounts for 50% of all R&D in the UK auto industry, working with suppliers and universities to cut carbon emissions. It has an investment programme of around £800 million in environmental technologies. The UK’s industrial future needs high value engineering skills, which could be lost forever if JLR fails.

JLR is the heart of UK manufacturing: It supports 15,000 jobs in its own business as well as 60,000 at suppliers and dealers. JLR spends £2.5 billion a year with suppliers and exports over £4 billion in products.

The deal makes financial sense: Lost income (income tax, VAT, etc) could cost the taxpayer £2 billion. A loan or loan guarantee, would be less than £1 billion, repaid at commercial rates within a year to 18 months.

Current signatories

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• Amy Holderness
• a white
• Helen Ware
• Lynn Donald
• Stuart Walder
• David Inchley
• Robert McClean
• Graham Neil
• Simon Robinson
• Ruth Neil
• Peter Davies
• Marie Tucker
• Cllr Ken Wood
• N. Findlay
• Kevin O'Brien
• Linda Priesmeyer
• SHAHIDA RAJA
• Stephen Brady
• Roy Barton
• Jackie Graham
• Lisa Cato
• Nigel Bruton
• Daniel Stonhill
• adam orsler
• Mary Bayliss
• Robert Clark
• Patricia egan
• Joyce Bourne
• j ashford
• valerie sangster
• Uzma Raja
• Sharon McLaughlan
• Andy Gore
• ANDY TRIGGLE
• Alan James
• Melanie Lee
• Nicky Wilkes
• M Guest
• Andy Ryder
• Rebecca Hargraves
• JKBayliss
• Angela Fryatt
• Brian Kiley
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• Claire McCrone
• Sian Williams
• Kay Dewey
• colin dewey
• Lisa Jones
• Stuart Linnell
• Pete Ashton
• Fiona Handscomb
• jon dodd
• Steve Chapman
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• susan poulton
• Hannah Bryan
• Colin Crane
• Steve Harte
• Jonathan Buckley
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• Lisa Quinn
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• edward hoccom
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• richard berry
• sharon richards
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• Gemma Murphy
• alan glover
• TIM ELFORD
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• Jennifer Mackenzie
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• elizabeth alabaster
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• lisa richards
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• adrian gidney
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• martin wardley
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• sharon moss
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• Nicholas Rossiter
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• PETER WATERWORTH
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• ian francis
• Mrs B J Cooke
• Neil Camp
• Dean Davies
• Graham Saggers
• J Rawbone
• PETER HOWARD

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