Cycle Scheme
What is a Cycle Scheme?
A cycle scheme is a government-backed employee benefit that allows employees to purchase a bike and cycling equipment. The aim is to promote sustainable commuting by encouraging employees to cycle to work, reducing traffic congestion and supporting healthier lifestyles.
Benefits to Employer
Offering a cycle scheme can enhance an employer’s corporate social responsibility profile by promoting environmental sustainability and reducing carbon emissions. It also supports employee wellbeing, as cycling to work can improve fitness and reduce stress. When tax-advantaged, employers benefit from lower tax and insurance contributions, as the employee’s taxable salary is reduced.
Benefits to Employee
Employees can benefit from cost savings on a new bike and equipment, making cycling more affordable. Cycling to work offers health benefits, such as improved fitness and reduced stress, as well as savings on commuting costs, whether for public transport or driving. The scheme also supports a more sustainable lifestyle by encouraging environmentally friendly transport options.
.webp)
Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
