An e-Bike costing over £1000 can be bought, for example, using the Green Commute Initiative, meaning you could be riding one of our electric bikes Exeter on the roads during your morning and evening commutes.
The Implications of changes to employer guidelines would be manifold, as personnel in different work/life situations would be able to take advantage of a better mode of travelling. AXcess electric bikes are prepared to provide even more of our electric bikes Devon for work purposes, pending the legal changes to guidelines.
As a government tax exemption initiative, the Cycle to Work Scheme was borne out of the idea to reduce pollution and congestion by getting more people to use more natural modes of transport, such as e-Bikes. It allows employers to loan their staff bikes/e-Bikes and ebike accessories, initially on an annual basis.
However, employees do have the option to extend to the point where they can buy the bike from their employer for a nominal sum, or they can extend the hire for a percentage of the bike’s value. Our range of foldable electric bikes are an ideal option for commuting!
The Green Commute Initiative is currently the only Cycle to Work scheme provider authorised by the Financial Conduct Authority (FCA) to issue bikes that retail at over £1,000. At AXcess Electric Bikes, we are proud to be members of this scheme and enjoy working with employers to bring their employees e-bike commuting solutions. Out of the initiative came a sister company Green Bike Pool Initiative, which enables groups of employees to use e-bikes to travel between locations or for companies to enable clients to enjoy an e-bike experience. The company can be creative as to what they use this Pool Initiative with, while we provide the fun in the provision of our electric bikes Exeter.
There were plans to alter guidelines that would have seen more schemes provide bikes costing in excess of £1000, thereby enabling more e-bikes to be used by employees. Cyclescheme, for example, was set to be one of the schemes to take advantage of such changes, however, they will have to wait a little longer. Like Cyclescheme, and as a leading electric bike shop Exeter, we hope to see legal changes to these guidelines soon and more employees getting electric mountain bikes, or any of our other types of e-bikes, through such schemes.
With the majority of e-Bikes costing in excess of the sum of £1000, e-Bikes’ involvement in the Cycle To Work Scheme remains sparse for now. Yet these movements towards guideline changes means that more employers may be able to take advantage of tax exemptions, while providing employees with a healthy, fun way to travel to work. The changes in guidelines would also present elderly and disabled people, as well as those on a lower income and those who live further away, a better means of getting to work.
We hope to see more schemes registered with the Financial Conduct Authority in the near future but, for now, get in touch with us if you would like to take advantage of the brilliant Green Commute Initiative.
Contact our team of biking experts to talk about this subject in further detail. As an electric bike shop Exeter, we look forward to playing our role in providing practical, health and financial improvements for the hardworking people of Devon and the UK.