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Bath & North East Somertset Council

Financial Assistance Scheme

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Financial Assistance Scheme

We’re offering grants and interest-free finance to help local businesses and individuals affected by charges to upgrade their non-compliant vehicles to compliant ones.

The finance can be applied to replace non-compliant taxis, PHVs, vans (including pick-ups and campervans), LGVs, buses*, minibuses, coaches and HGVs, including those with temporary concessions.

To check whether or not your vehicle is compliant, please see our minimum emission standards and also exempt vehicles

The scheme will be funded by central government and will be open for applications in early 2020. There are limited funds so we encourage you to register your interest now.

What’s being offered?

Depending on your circumstances, you may be eligible to apply for:

  • Grants towards replacing non-compliant vehicles
  • Interest free finance to reduce the cost of replacing non-compliant vehicles
  • Grants towards installing electric charging points
  • Grants towards retrofitting or repowering existing or replacement non-compliant vehicles in order for them to be compliant.

Successful applicants can use the grants and interest free finance to reduce the cost of buying or leasing both new and second-hand compliant vehicles.

The scheme is technology neutral, so you can decide on the best route towards compliance for you or your business – petrol, diesel, hybrid, electric or alternatively fuelled vehicles.

Who can apply?

Businesses and individuals in B&NES and neighbouring authorities that are affected by charges and travel frequently in the zone or have premises in the zone.

We’ll be prioritising applications from:

  • SMEs, micro SMEs, sole traders and individuals.
  • Those replacing vehicles which most frequently enter the zone
  • Those replacing petrol or diesel fuelled vehicles with electric vehicles

If you or your vehicle is eligible for a time-limited concession, we also encourage you to apply. Funds may not be available when your concession expires.

What are the terms?

Full terms and conditions will be available on registering your interest.

In summary:

  • Applications will only be accepted to replace existing non-compliant vehicles that are roadworthy, have a valid MOT certificate and are not exempt from charges. This is not a scrappage scheme.
  • The scheme cannot be used for adding vehicles to your fleet, only to replace vehicles.
  • Funds can only be used towards like-for-like replacements i.e. a similar make/model/specification as the existing vehicle, but with compliant emissions.
    The maximum repayment period for the interest-free finance will be 60 months, extended to 84 months for some specialist vehicles including buses* and coaches. 
  • All applications will be subject to credit checks. There will be a soft credit check when we assess eligibility but this will not affect your credit rating.
  • If your application is accepted then your existing vehicle will be provided with a limited concession until the expected handover date or 31 December 2022, whichever is sooner.
  • If you pass the eligibility assessment but fail the financial checks, you’ll be able to apply for a limited concession until 31 December 2022 on any euro-4 or 5-diesel vehicles. There will be no concession for pre-euro-4 vehicles.
  • As part of the eligibility assessment we’ll be asking you to provide telematics data from your current vehicle. Our advisors can tell you more about this and, if required, provide you with a free of charge telematics device.

Next steps

We’re here to help people affected by charges. So if you’re driving a non-compliant vehicle and think you’ll be eligible for the scheme, please register your interest today to avoid missing out. This will not affect your credit rating.

A member of our team will then contact you to explain the scheme in more detail, including its full terms and conditions and the next steps.

We expect the scheme to be open to applications at the beginning of next year.

 

*Scheduled buses are being upgraded through a separate fund.

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