Your benefits

NIC Savings
Employees participating in a Cycle2Work scheme agree to make a salary sacrifice that covers the cost of their loaned equipment. (For example, an employee with an eighteen month agreement on equipment costing £1,000 will agree to a reduction in gross salary of £55.56 a month). The amount of National Insurance contributions that you, the employer, have to pay will reduce accordingly. (In this example, assuming Employer's NICs of 12.8%, you would save £128.00 over the course of an eighteen month scheme).

Higher levels of staff morale
Staff receive a great benefit, which enables them to gain access to a brand new bike and cycling safety equipment, for far less than if they'd bought it direct themselves. This benefit promotes fitness, wellbeing and sustainable travel - so they get to improve their work / life balance.

Increased Productivity
Staff that Cycle2Work arrive at work alert and ready to face the challenges of the day. It has been proven that staff who regularly exercise are more engaged with their working environment.

Increased Employee Health and Wellbeing
Staff that ride to work are generally healthier than their sedentary colleagues and are likely to have less time away from the workplace due to sickness and absenteeism.

Contribution towards an environmental policy
Running a Cycle2Work scheme can contribute towards an organisation's environmental policy. Encouraging cycling to work reduces car useage therby reducing emissions.

Helps to achieve a Green Transport plan
Many organisations are now tasked with reducing car usage and encouraging greener modes of transport - which a Cycle2Work scheme can help achieve.

Frees up valuable Car Parking Spaces
Most organisations now find car parking at a premium and Cycle2Work can help alleviate this problem.