The Green Commute Initiative
The Green Commute Initiative is a revolutionary new Cycle to Work scheme perfect for é-bikes. It offers up to 42% savings on bikes for employees as part of the Government’s Green Transport plan but without a £1,000 Limit!
We’re FCA authorised so unlike the old fashioned C2W schemes there’s no £1,000 limit. We can normally finance the bikes so there’s no impact on employer cash-flow. It’s a no cost employee benefit.
There’s no 7% fee to pay at the end of the scheme if employees want to own the bike, providing even better value than old fashioned C2W schemes.
They say you can save 25-39% on a new bike for work, this scheme is the first and most well known..basically you choose a bike, hire it for an agreed length of time, then snap it up for a fraction of its original value. You need to use the calculator to see how much it will save you. This costs the store money to supply the bike, but for a bike under £1000 this is the most used option. For Bikes over £1000 please see the GCI above,
What is the 'cycle to work scheme' .
If you are an Employer, the scheme is a free scheme set up by the Government for your payroll or HR to implement.
This government website tells you all you need to know about the Government scheme to help get more bicycles used for the commute to work.
this link will give Employer guidance on setting up a cycle to work scheme covering:
- salary sacrifice and national insurance contributions