UNLOCKING BUSINESS SOLUTIONS FOR ULEZ 2023 EXPANSION WITH APPROVED

Clearing London's Air and Your Business Solutions:

London's battle against air pollution took a significant step forward on August 29, 2023, as the Ultra Low Emission Zone (ULEZ) expanded to encompass all London boroughs. The expansion aims to combat the adverse health effects of poor air quality, primarily caused by polluting vehicles.

According to data from the London Atmospheric Emissions Inventory (LAEI) in 2019, road transport remains the largest contributor to nitrogen dioxide and particulate matter emissions in Greater London. These pollutants have dire consequences on the health of

Londoners, including increased risks of cancer, asthma,

lung disease, and even dementia in older individuals.

Tragically, air pollution leads to the premature death of thousands of Londoners annually, with the highest toll observed in outer London areas. The ULEZ's city-wide expansion seeks to address this pressing concern, prioritising public health and environmental well-being.

Meeting ULEZ Emission Standards: A Necessity for All Londoners:

An encouraging statistic reveals that 9 out of 10 cars frequently observed in outer London already comply with the ULEZ emissions standards. To determine whether your vehicle meets these standards, we recommend using our user-friendly vehicle checker tool, ensuring compliance and avoiding potential daily charges.

Within the expanded ULEZ zone, driving a non-compliant vehicle incurs a daily charge of £12.50. Convenient payment options, such as using the Transport for London (TfL) website or enrolling in the Auto Pay system, guarantee the hassle-free settlement of these charges. It's crucial to note that ULEZ charges apply to both residents and non-residents within the zone.

However, residents with non-compliant vehicles parked within the ULEZ boundaries on a specific day are exempt from the charge if they refrain from driving. Additionally, owners of non-UK registered vehicles must adhere to the ULEZ emissions standards or pay the daily fee while ensuring their vehicles are registered with our partner, EPC plc.

Approved Finance Group: Your Partner for ULEZ-Compliant Vehicles:

Finding vehicles that comply with ULEZ standards is paramount for individuals and businesses operating within London. Approved Finance Group specialises in assisting businesses like yours in securing ULEZ-compliant vehicles with manageable and affordable finance options.

Available Assistance for Non-Compliant Vehicles:

For those with non-compliant vehicles, the Mayor of London's scrappage scheme offers a lifeline. London residents with vehicles that don't meet ULEZ emissions standards can apply to this £160 million initiative. Successful applicants may receive a payment to scrap their vehicle or opt for a lower payment combined with one or two TfL Annual Bus & Tram passes, surpassing the payment's value.

Moreover, London-based sole traders, micro-businesses (10 or fewer employees), small businesses (under 50 employees), and registered charities can participate in this program. They can apply to scrap or retrofit up to three vans or minibuses, securing an increased grant payment.

ULEZ Support Offers: A Path to Cleaner Transport:

In a bid to encourage the transition to cleaner modes of transportation, exclusive ULEZ support offers await successful scrappage scheme applicants. Additionally, these offers extend to all London residents, regardless of whether they apply to the scrappage scheme. These incentives aim to promote environmentally friendly alternatives and facilitate the transition to ULEZ-compliant vehicles.

Discounts and Exemptions for Special Groups:

Recognising the unique needs of disabled Londoners and community transport providers, the ULEZ grace periods have been extended, offering temporary exemptions. Furthermore, short-term grace periods have been introduced for retrofits and compliant vehicles on order, providing flexibility for those making the necessary adjustments to meet the ULEZ standards.

In conclusion, the ULEZ expansion in 2023 signifies London's resolute commitment to combat air pollution and improve public health. For businesses seeking ULEZ-compliant vehicles, Approved Finance Group stands ready to assist with tailored, affordable financing

options, ensuring a seamless transition to a cleaner and

greener future for London.

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MATTHEW DASHWOOD-SMYTH - Business Development Manager (Truck & Plant)

T: 01908 429888

M: 07542 321097

E: matthew.ds@approved-finance.co.uk

Studio F1, Witan Studios, Witan Gate, Milton Keynes, MK9 1EJ