The End of an Era - The Scrappage Scheme Ends

At the of March 2010 the UK Government announced that the UK Scrappage Scheme ends. Scrappage accounted for a fifth of cars sold after the scheme was introduced a year ago to help the recession-hit motor industry cope with falling sales.

The government estimates that 4,000 jobs with manufacturers and suppliers were supported by the scheme. 

The Chancellor announced in the Budget on 22nd April 2009, a voluntary discount scheme under which motor dealers would give motorists £2,000 or more towards a new vehicle if they traded in a car or van over 10 years old for scrap.

The scheme was launched on 18 May 2009 and lasted until the end of March 2010. It was announced on 28th September that funding was to be increased and would be available to scrap up to 400,000 vehicles, with £400m provided by Government and matched by support from vehicle manufacturers.