Car scrappage scheme raised to £400 million
24 November 2009
The Government has pledged an additional £100m to the vehicle scrappage scheme, taking the total contribution to £400m - sufficient to cover 400,000 vehicle purchases. Approximately 230,000 new vehicles have been acquired under the scheme thus far, with further uptake expected ahead of the February 2010 scheduled expiry date. The qualification age of cars scrapped under the scheme has been reduced by 6 months to ensure all 10 year old vehicles are captured and the van scrappage element has been extended to cover qualifying commercial vehicles over 8 years old, rather than 10 years as was previously the case.