On 22 January 2020, I announced changes to the van scrappage scheme which, broadly speaking, doubles the grant available to £7,000, with those switching to electric vans now able to apply for grants up to £9,500. The scheme has also been extended from microbusinesses to small businesses to drive further compliance with the scheme.
I am pleased to note that the average number of applications per week received by Transport for London (TfL) has more than doubled in the first two weeks since I announced the changes.
As at 12 February 2020, 646 grant payments have been made, totalling £2,776,000, and 726 associated vehicles have been scrapped. In addition, there are eligible applications in the system that require evidence to be submitted to TfL that a vehicle has been scrapped, and, if applicable, replaced. Once this evidence has been received and assessed, the funds are then released to the customer.