£23m Scrappage Scheme for Microbusinesses in London
Good News For London’s Micro-Businesses
On the 18th of December, the London Mayor, Sadiq Khan announced a £23m scrappage scheme to assist London’s micro-businesses in preparing for the upcoming Ultra Low Emissions Zone (ULEZ.)
In a bid to reduce pollution from high-emission vehicles in London, the Mayor has brought forward the plans for the ULEZ to April 2019, which has caused concern for smaller business who may incur the £12.50 daily fine for being without a Euro 6 vehicle on top of the existing congestion charge.
“To truly get a grip on our lethal air we need to take bold action to rid our city of the most polluting vehicles.”
A micro-business is one with less than 10 employees. The news will come as a relief to London’s smaller businesses and the details of the scrappage scheme will be available next year.
We’ll be updating as and when we have more information on the scrappage scheme, so watch this space.