Hampshire Trust Bank (HTB)
Hampshire Trust Bank (HTB)
Contact us

To discuss your Clean Air Zone requirements, please contact the HTB Clean Air Zone team on 020 7886 4747 or email us.

Email us

Frequently Asked Questions

  • General:

    Applications for HGV funding is now open.

    Funding for GM-licensed Private Hire Vehicles and Hackney Carriages, motorhomes, coaches, minibuses and Light Goods Vehicles will launch early 2022, ahead of their inclusion in the Zone from 1 June 2023.

    Visit Clean Air Greater Manchester to start.

    To find out if your vehicle is affected and whether you may be eligible for financial support, please go to cleanairgm.com/clean-air-zone.

    We are able to support the following businesses which include;

    • Limited Companies
    • PLC’s
    • Registered Charities
    • Sole Traders
    • Partnerships with more than three partners
    • Sole Trader and partnerships with less than 3 partners where;

     

    Hire Purchase – the balance being financed over the period of the agreement after applying the part exchange value, the Grant (if any) and any additional deposit paid by you against the Vehicle Price, is greater than £25,000.

    Finance Lease – the total of all repayments over the period of your lease including VAT is greater than £25,000. The repayments will be the repayments payable by you and shown on your finance documentation. These are based on the balance financed after applying the part exchange, the Grant (if any) and any additional deposit paid by you against the Vehicle Price has been deducted.

  • Finance:

    You have a choice of how you use your Fund Award to support the upgrade of your non-compliant vehicle. Your options are;

     

    Finance Option

    Use your Fund Award to offset the cost of financing your new vehicle. Depending on your new vehicle costs and your choice of lease term, this may be sufficient to provide you with an interest free financing option or may require a deposit or an additional rental contribution over the life of the agreement.

     

    Combined Finance and Grant

    This option will allow you to take 50% of your Fund Award as a Grant from Clean Air Greater Manchester and up to 50% towards the interest charges on a finance agreement. The Grant will be paid directly to the Accredited Dealership of your choice and, as with the Finance option, 50% will contribute towards the interest costs on a financing option. Again, depending on your new vehicle cost and choice of term this may be sufficient to provide you with an interest free option or may require a deposit or an additional rental contribution over the life of the agreement.

    Please note that the Combined option is only available to Clean Air Greater Manchester Accredited Dealerships.

     

    Grant Only

    Grants are administered by Clean Air Greater Manchester. Please contact Clean Air Greater Manchester team to find out more here.

    Our financial products, available over terms of 2 – 5 years (6 and 7 years for coaches and buses) are;

    Hire Purchase – this allows you to spread the cost of the vehicle with the option to own it at the end of the fixed period for a one off Purchase Option Fee of £250+VAT or,

    Finance Lease – if you are looking for a tax-efficient solution, this product allows you to offset monthly/quarterly payments against taxable profits but where you can receive 95% of the proceeds of sale at the end of lease term.

    The maximum repayment period will be 5 years, which may be extended to 6 or 7 years for some specialist vehicles, including buses and coaches.

    The Fund Award Notification issued by Clean Air Greater Manchester will confirm the level of funding based on your existing vehicle type and class.

    All rental repayments are payable by direct debit mandate which will be part of the documentation that you are provided with to sign if your application is approved and you decide to proceed.

  • Existing vehicle(s):

    Please use the GOV.UK vehicle checker service here.

  • Replacement vehicle(s):

    Vehicles that are electric, low emission or conform to more recent Euro standards should emit less pollution than older vehicles, and can therefore travel without charge in the Clean Air Zone. The following classes of vehicles are all compliant:

    • Euro 6/VI diesel vehicles (or newer)
    • Euro 4/IV petrol vehicles (or newer)
    • Fully electric vehicles and hydrogen fuel cell vehicles
    • All hybrid vehicles
    • Modified or retrofitted vehicles registered with the Energy Saving Trust’s Clean Vehicle Retrofit Accreditation Scheme (CVRAS)

    Vehicles that fail to meet Clean Air Greater Manchester’s emission standards we call ‘non-compliant’. These vehicles will be charged if driving in Clean Air Greater Manchester’s Zone when the charging goes live, unless the vehicle is a private car or motorbike/moped which are not charged in a class C clean air zone.

    The following classes of vehicles are non-compliant:

    • Pre Euro 6/VI diesel vehicles (this means Euro 1 to 5/IV or earlier)
    • Pre Euro 4/IV petrol vehicles (this means Euro 1 to 3 or earlier)

    To access our financing options the replacement vehicle must be sourced from a Dealership that has been accredited by Hampshire Trust Bank (HTB). In addition, if you opt for the Combined option, the Dealership will also need to be accredited by Clean Air Greater Manchester.

    Provided that you have your Fund Award Notification from Clean Air Greater Manchester confirming your eligibility, you can progress with your application. Our credit decision will be conditional on you sourcing and confirming details of your vehicle. Once you have decided on the vehicle and Dealership, you should provide us with the information so that we can complete our final checks and provide approval for you to proceed.

    If you are eligible and pass our credit checks, you can use the funds to reduce the cost of your vehicle upgrade. The options available to you will be outlined in your Fund Award Notification from Clean Air Greater Manchester.

    Any replacement vehicles must be in the same vehicle category as your existing vehicle e.g. a LGV for an LGV which must be traded in with the same Dealership and must be compliant with Clean Air Greater Manchester’s emissions standards.

  • Post-application:

    We have two financial products available to you and the end of term treatment will be different for each.  Providing that all rentals due on the agreement have been paid, your options will be;

    Hire Purchase – meaning that you can spread the cost of the vehicle with the option to own it at the end of the fixed period for a one off Purchase Option Fee of £250+VAT (providing all payments have been made) or,

    Finance Lease – if you are looking for a tax-efficient solution, allowing you to offset monthly payments against taxable profits (where eligible). Your end of term options will be;

    • Continue to hire the agreement for an annual peppercorn rental
    • Sell the vehicle on our behalf and retain 95% of the sale proceeds

    Provided that you do not breach the Applicant Terms and Conditions of the Grant and/or financing agreement you will not be required to repay the financial support provided by Clean Air Greater Manchester.

    If you do breach the Applicant Terms and Conditions of the Grant and/or financing award, you may be liable to repay the Grant and the interest amount provided by Clean Air Greater Manchester in full (terms apply).