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Cycle to Work Scheme limit increased to £3,000

6 October 2020

If you're eligible, you can now get a brand new bike and safety equipment to the value of £3,000. You pay for it through monthly payments direct from your salary before tax and National Insurance are taken off, meaning you can save between 18% and 33%.

You can also use the scheme to buy an e-bike, most of which retail at over £1,000. So you can travel further, more cheaply and in some cases faster than by car, while reducing congestion and pollution, and getting fit, all at the same time.

And by the end of the year there will be the option to pay over 24 months. This will mean more employees will be able to take advantage of the scheme, including those on a lower wage who may not be eligible under the current 12-month system. We'll keep you updated about this.

Find out more about the scheme and whether you're eligible.

If you have any questions, contact the sustainable travel team, email: