Government scrappage scheme gets on the road
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From today consumers can drive off with a £2,000 discount on a
new car, under the Government's scheme to scrap their old banger for a
The £300m scrappage scheme, announced in last month's Budget,
is intended to boost consumer confidence and kick-start demand for new
Motorists will be spoilt for choice with 38 manufacturers
taking part in the scheme covering all the major brands.
Visiting a car dealership Peter Mandelson said:
"I am delighted by the response of the motor industry.
Thirty-eight companies have signed up - all the major UK car
manufacturers and a number of other companies. This means more choice
for consumers and a boost for British brands.
"The scheme has been met with a flood of enquiries from
customers. It will provide a boost to the industry and kick-start
1. The manufacturers who have signed up to take part are:
Allied Vehicles, Bentley, BMW, Chevrolet, Citroen, Daihatsu, FIAT,
Ford, Honda, Hyundai, Isuzu, Jaguar, Kia, Land Rover, London Taxis
International, Mazda, Mercedes Benz, MG Motor, Mitsubishi, Nissan,
Perodua, Peugeot, Porsche, Proton, Renault, Rolls Royce, SAAB, SECMA
UK, Subaru, Suzuki, Toyota, Vauxhall, Volkswagen, Volvo, Koelliker UK
Ltd, Iveco Ltd, Chrysler, Renault Trucks UK Ltd.
2. The £2,000 grant is made up of £1,000 from government with
matched funding from vehicle manufacturers. The scheme will operate
until March 2010 or until the government funding has been exhausted.
3. Further information can be found on http://www.direct.gov.uk
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from the BERR-
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Article Published/Sorted/Amended on Scopulus 2009-05-19 13:55:32 in Business Articles