Cycle to Work Scheme
Can I use my cycle to work scheme Voucher to purchase a new bike? What will it cost and what do I do next ?
The answer is yes , please look at the providers listed below that we work with .
The Cycle to Work scheme was introduced by the government to promote healthier journeys to work and to reduce environmental pollution.
It allows you to get cycles and accessories through your employer. You then pay a monthly salary sacrifice to effectively hire the bike and accessories over a 12 month period. The benefits are:
How it works...
Firstly decide on what you want, then get a quote from us , we can talk through the process.
Present the agreed invoice to your scheme provider who will process the voucher.
We would require £100 deposit to start the build process, this can be refunded once the voucher has been redeemed and money has been received.
You will then receive a redemption code from your scheme provider that you present to us.
Sign your hire agreement with your scheme provider.
Take delivery or collect your new bike.
Currently Thorn can accept vouchers from five Cycle to Work scheme providers:
Cyclescheme
With our cycle to work scheme, we have the biggest selection of cycling brands for you to choose from because we're partnered with over 3,000 bike shops across the UK (more than any other scheme provider). This includes independent bike shops in your local community, big-name stores, online retailers and even brand direct.
Green Commute Initiative
Green Commute Initiative is leading the industry with its cycle-to-work scheme with no limits. GCI scheme participants benefit from no £1,000 spending cap and no scheme exit fees. Save up to 47%, depending on your tax bracket. Pay monthly through salary sacrifice with no added interest. Get an E-bike or conventional bike and help reduce congestion and pollution whilst improving your health, fitness and mental wellbeing
Vivup
The Cycle to Work programme is an employee benefit that’s easily accessible through our platform, enabling your people to spread the cost on bicycles and equipment through reductions to their salary. Instead of buying a new bike outright, the programme offers employees access to Cycle to Work savings while encouraging more of your people to choose a healthier, greener commuting option.