U.K. Hands Bombardier Rail $2.3 Billion Brexit Jobs Boost (1)

Britain granted Bombardier Inc.’s train unit 1.7 billion pounds ($2.3 billion) in export funding, bolstering an English plant ahead of a looming merger with France’s Alstom SA.

Bombardier will use the funds to invest in the factory in Derby after winning a 2.4 billion-euro ($2.9 billion) contract to build trains for new monorail lines in Egyptian capital Cairo, according to a statement Wednesday. The loan guarantee will directly support about 100 jobs at the plant, which employs 2,000 people.

The production line at Bombardier’s Litchurch Lane railcar factory in Derby, U.K.

Photographer: Chris Ratcliffe/Bloomberg

Britain is stepping up U.K. Export Finance’s role in promoting global trade links in the wake of ...