GREEN COMMUTE INITIATIVE

We partner with the Green Commute Initiative to offer an cycle to work scheme made for electric bikes.

For the Employee

  • There is no £1,000 limit like other schemes, so a bike of any value is possible
  • Getting your bike is simple:  your employer will provide you with a voucher to hire a commuting package of your choice which you give to Propeller Bikes. The package can contain safety equipment, clothing and accessories, tools and spares
  • Depending on your tax rate, you’ll save either 32% or 42% on the cost of the package
  • There is no 7% fee at the end of the scheme if you want to own the bike, unlike most other C2W schemes
  • Depending on your employer, you can normally choose 6, 12, 18 or 24 month periods. So you can afford a really decent quality e-bike
  • Green Commute makes it as simple as possible for your company to set up and run the scheme and it doesn’t matter if they already run a scheme from a different provider

For the employer

  • Green Commute Initiative have made the scheme as straightforward as possible: you buy a voucher for your employee which entitles them to hire the bike they want; they repay you the cost of the voucher by sacrificing part of their salary
  • Initial paperwork is minimised and once you are sent the salary sacrifice schedule GCI will manage the retailer and end of scheme arrangements so there’s nothing further for you to do
  • GCI is FCA authorised so there’s no £1,000 limit
  • In most cases the bikes can be financed so there’s no impact on cash flow – it’s a no cost employee benefit
  • There is no 7% fee at the end of the scheme if the employees wants to own the bike, unlike most other C2W schemes

Find out more at greencommuteinitiative.uk