Anglo Scottish Asset Finance has been appointed by Bristol Council to deliver the financial assistance scheme to support individuals and businesses affected by the introduction of clean air zones in the city.
The scheme will provide financial support in the form of grants and/or financing to help reduce the cost to businesses and individuals to replace non-compliant vehicles and avoid paying a daily charge for driving in the city centre, as well as meeting the government targets for the reduction of pollutants in the shortest possible time.
The initiative is funded by the Government’s Clean Air Fund, with an agreed £42m package which includes, £1.8 million of loans and grants to help people to change their vehicles, £32 million for businesses to upgrade HGVs, LGVs, taxis, and private hire vehicles and £5.9 million to help people switch to public transport and make more journeys by walking or cycling with free electric bike loans.
Established in 2007, Anglo Scottish is an independent finance broker, providing a range of financial services across the UK including asset finance, business loans, as well as personal vehicle solutions, and vehicle sourcing.
Anglo Scottish has previously worked with Bath & North East Somerset Council to develop the city’s pioneering financial assistance scheme, and to help over 400 businesses to replace non-compliant vehicles and avoid daily charges to enter the city centre.
Businesses and individuals can benefit from Anglo Scottish’s clean air zone services which include, grant application assistance towards the acquisition of compliant vehicles, and/or financing to spread the cost, and vehicle sales and part exchange facility to source and replace their existing vehicles.
“We’re delighted to be helping Bristol Council to support businesses and residents in becoming clean air compliant”. Commented David Foster, MD at Anglo Scottish.
“The team at Anglo Scottish are in a fantastic position to support the residents and businesses of Bristol to not only access grants and finance, but also source and part ex-change vehicles.
It’s a challenging time to be searching for new vehicles, and we’re pleased to say that we can reduce the pressures on drivers and businesses by offering a complete “one-stop-shop” for eligible applicants to purchase compliant vehicles, access financial assistance and achieve the most cost-effective vehicle finance solution.”
Mayor of Bristol Marvin Rees said: “We’re pleased to be working with Anglo Scottish Asset Finance, who are helping us to support those on lower incomes and businesses while we fulfil our moral and legal duty to improve Bristol’s air quality and reduce dangerous air pollution. We have sought to deliver Bristol’s Clean Air Zone in a way that protects those who need it the most, by offering a large package of support for people to replace or upgrade their vehicles and find more sustainable ways to travel around the city. As part of the financial support process, both individuals and businesses can get invaluable guidance and direction from Anglo in applying for grants, seeking the best vehicles to upgrade to or getting advice on part exchange options.”