Scrappage Scheme to be extended

The scrappage scheme is to be extended to give a £2,000 incentive towards an 100,000 additional cars and vans.
Business Secretary Lord Mandelson announced the move in his Labour Party Conference speech this afternoon.

Alongside the increased funding the Government will extend eligibility for the scheme to van owners with vehicles over 8 years old rather than the current 10 year requirement.

Car owners will also get a boost, with the age qualification changed by 6 months to extend the benefits to cars registered on or before 29 Feb 2000 (V registration). The scheme will come to an end in February 2010 or when the funding runs out, which ever is sooner.