The UK’s scrappage incentive scheme has been extended for a further 100,000 cars.
Business Secretary Lord Mandelson announced the move, which has been called for by the car industry, in his Labour Party conference speech. It will mean an extra £100m from the government towards the scheme.
"Today, I am extending our popular car scrappage scheme with extra money for an additional 100,000 cars and vans," Mandelson told the annual conference
The move, which Autocar reported ten days ago, followed a formal application for an extension from the car makers' trade body, the SMMT.
“Lord Mandelson’s announcement of an extension to the car scrappage scheme is an extremely important decision that will inspire consumer and business confidence. It will help to stimulate demand, giving more consumers access to it, and create a bridge to a period when economic growth is strengthened and more sustainable," SMMT chief executive Paul Everitt said.