27 Feb 2019
New cycle to work scheme now live
The University offers employees the opportunity to obtain a new bike and cycling equipment through the Cycle to Work scheme.
Loughborough has launched its new scheme, partnering with Cycle Solutions, one of the UK’s leading providers of the Cycle to Work Scheme.
Cycle Solutions offers the UK’s largest range of bikes and accessories on its online store and it also partners with local bike shops to offer the ‘best of both worlds’ approach.
The Cycle to Work scheme is a government initiative created to encourage more people to adopt cycling as a means of ‘active travel’ and to establish cycling as a healthy and sustainable commuter option.
How it works
Cycle Solutions enables you to get a tax-free bike. By covering the cost of the bike through a salary sacrifice, most people can save around 39% of the cost. If you pay higher-rate tax, you could save more.
The benefits include:
- Savings of up 42% on new cycling equipment
- Access to a healthier, happier and more active lifestyle
- Manageable monthly payment structure
- Save money against existing transport costs
- Four weeks free insurance with all bikes
For further details, please call Cycle Solutions on 0330 100 2480, or visit the dedicated scheme website.