The European Investment Bank has approved loans worth 866 million euros (£783 million) to European car manufacturers to help design and build cleaner cars .
The sum adds to the 3.6 billion euros (£3.3 billion) given in loans since last December for European car and truck makers.
The loans include 400 million euros (£362 million) to Nissan’s European operations to develop and build more fuel-efficient vehicles in the United Kingdom and Spain, and 366 million euros (£340 million) to Jaguar Land Rover to help cut vehicle emissions.
"This loan will support Jaguar Land Rover's significant investments in environmental technologies that are crucial for the future – part of a total commitment by the business of over £800 million," said a spokesman for JLR.
JLR warned that access to the money would not be immediate, however. "Access to the funding is subject to a number of due diligence and commercial loan criteria, including partial backing by the UK's government guarantee scheme, that we will be working to complete as quickly as possible."