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CONSERVATIVE leader David Cameron has today backed the Daily Post campaign for the Government to provide a loan guarantee to Jaguar Land Rover.

The company, which employs 2,000 at its Halewood plant, has called for a state-sanctioned loan or credit guarantee at commercial rates to help it through the economic crisis.

Owners Tata have already pumped in an estimated £600m of extra cash to help JLR stay in production until the world money markets, the usual source of working capital, begin operating normally again.

They are also in negotiations with the government over help.

Alongside our sister paper the Echo and our Trinity Mirror stable mates the Birmingham Post and Mail in the midlands today we call on the government to supply a loan or loan guarantee of between £500m and £1bn.

Today Mr Cameron said the Government’s recapitalisation of the banks had not worked and national loan guarantee scheme that Jaguar Land Rover could tap into was needed.

“It’s not just the big business, but businesses large, medium, and small,” he told CityTalk 105.9.