For years most of the growth in the market has come from expensive road bikes favoured by those “mamils”, while sales of commuter and family bikes have been pedestrian. At Cycles UK we support all of the leading Cycle to Work providers to offer employees the very best choice of premium bikes brands not available from all high street bike shops. It looks like this month will be similar – or it would be if I still had stocks to sell,” said Walker. “It’s gone absolutely crazy. Want to know more? These cookies help us improve our website by analyzing how you use our website. Hopes for lasting change in the UK got a boost when the transport secretary, Grant Shapps, unveiled a £2bn package “to put cycling and walking at the heart of our transport policy”. Stores sell out of bikes as soon as they are delivered with sales tripling and repair shops booming, Sat 23 May 2020 03.00 EDT There are also concerns about supplies of some cycle parts as a result of the demand to repair older bikes. Several cycle retailers said stocks of cheaper adult bikes from key brands, including Trek, Specialized and Raleigh, had virtually run out across the country. Originally, there was a £1,000 limit on bike-scheme purchases, but this was scrapped to allow users to buy more expensive models. Monday to Friday 8.45am to 5.00pm. Most companies of any size now offer this as a staff benefit. • This article was amended on 23 and 26 May 2020 to clarify details of the typical payment duration of the cycle-to-work scheme. If you’re an employer looking to sign up with a cycle to work provider we offer our own scheme to employers. Our web-store offers a huge choice of products for a great cycling experience. At the end of the typical four-year contract it becomes yours after a final payment. Make significant savings on the cost of the bike. We have to pay a fee to accept your cycle to work voucher. Graham Stapleton, the chief executive of Halfords, said the buyers were not the usual “mamils” – middle-aged men in lycra. Accessories will be charged at the website listed price and may include discounts. By enrolling on the Bike Scheme by Salary Exchange you will be able to: Buy a brand new bicycle of your choicing. “You are actually seeing families out together,” he said. Big chains and independent cycle shops, which have been allowed to keep their doors open as an essential service while the rest of the high street is shut, admit they have been taken by surprise. However, an extra 10% commission will be added to cover the provider's fees. You can also pick your products from one of the independent bike shops we work with; You will also receive a suite of additional benefits just for being a Cycle2Work customer! This website uses cookies to ensure you get the best experience on our website. At Cycles UK we support all of the leading Cycle to Work providers to offer employees the very best choice of premium bikes brands not available from all high street bike shops. By enrolling on the Bike Scheme by Salary Exchange you will be able to: Buy a brand new bicycle of your choicing. Where these fees are very high we do, unfortunately, have a surcharge payable. There are few high street businesses reporting bumper trade in the coronavirus lockdown, but bicycle shops are selling out as soon as new stock is delivered and are swamped with demand to overhaul old bikes. This does not apply to all cycle to work schemes but does apply to Halfords, Vivup and Cycle Plus. He said Halfords had considered bringing in bikes by air, but this had proved too expensive, and the company was bringing in new stock from Turkey and Europe that could arrive faster than from its usual south-east Asian sources. “There is most definitely a problem facing the trade at the moment and that’s supply issues,” said Paul Walker, owner of cycle parts and accessories distributor Hykeham Wholesale based in Lincoln. It said seven out of 10 buyers are new or returning cyclists, a complete reversal to recent trends. Walker said he was struggling to source enough inner tubes after sales of some types soared 600% last month, while sales of bike helmets were up more than fivefold and cycle repair kits up 400% as families prepared to get out on the road. Social Media networks may track all kinds of information about your surfing behaviour.
Ready to get started? He said sales of kit such as helmets and saddles were also going well as parents took children out on the road. Follow the link to our designated employer Cycle to work Scheme website or call 01268 745556 for further details. The Cycle to Work Scheme is a salary sacrifice. Basic rate taxpayers – earning less than £50,000 a year – save a quarter on the bike and accessories’ cost. “We’ve seen a big growth in the number of female customers,” he said, “and younger, under-35s buying bikes.”. If the scheme is “live” you will also be able to place an order. If you already have a voucher just email it toinfo@cyclesuk.comand let us know what bike you want and confirm your delivery address or the store you want to collect from. People have been bringing bikes in that have been behind the garage for years.”. Prefer to shop local? This means the cost of a new bike and equipment is deducted from your salary as a non-cash benefit, so you save on tax and national insurance. I'm an employer. “I’ve never experienced it like this,” said Steve Pettitt of Steve’s Cycles in Hull. A combination of quieter roads, more free time, good weather and, for many, the realisation that a cycle is their best option for getting to work in the coming months, prompted a surge of more than 50% in bike sales in April, according to early indications from a survey by the Bicycle Association trade body. You have no items in your shopping basket. Kirsty Woodcock, head of UK marketing at Specialized, said there was no shortage of bikes, just delivery delaysas a result of the increased demand, and the company was working extra shifts at its UK warehouse to get more bikes out on the road. It was really unexpected. With Salary Exchange you can log on to their Bike Scheme at anytime once it has been set up.
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All major Cycle to Work vouchers accepted. cycle2.work@halfords.co.uk. “It’s been the busiest period of trading I’ve had in 27 years,” said Andy Rackstraw, owner of Saddle Safari in south Buckinghamshire. Sign up now : How it works: I'm an employee. Stapleton said he thought the cycle boom would not trickle away: “I think some of this will continue. Your employer effectively buys the bike and equipment on your behalf, then leases it back to you through an interest-free salary sacrifice scheme. Cycling to work helps you stay fit and healthy, burns a lot of calories, and reduces your carbon footprint. Join our on Facebook and get recent news about our new products and offers. It's a great thing to offer to your employees simply because they can save up to 40% off the cost of a new bike. Cameras andGPS equipment areNOTpermitted. Purchasing a bike with cycle to work couldn't be simpler, below are step by step guides for the process both those needing to get a quote to start the process and those that already have a voucher to spend. You must have JavaScript enabled in your browser to utilize the functionality of this website. A higher rate taxpayer would save £210 over the upfront £600 purchase. Someone opting to buy a £500 commuting bike, a lock, a helmet and a waterproof jacket – spending £600 in total, would see their wages fall by around £34 a month for a year. Weldtite, the Lincolnshire-based maker of cycle repair kits, is taking on 30% more staff and has set up temporary buildings to expand production as it struggles to cope with global demand. Electric bike sales have also accelerated as older people look for an alternative to public transport or a car. Cycling is being promoted worldwide as a way to get around with less risk of catching coronavirus. Stapleton said Halfords still had bikes available and stocks were improving, but as a result of “unprecedented demand, which has been difficult to forecast” the chain had sold out of some under-£1,000 adult models, which meant “there is going to be short-term challenge with availability”. This surcharge is between 2% and 5% on non-electric bikes and between 12% and 15% on electric bikes. If you cycle to work, you can save up to 42% on a new bike and safety equipment thanks to a government backed scheme that makes buying a new commuter bike much more affordable. But in the past few weeks family and commuter-friendly hybrid bikes costing less than £1,000 have been racing out of stores. We are here to help you help you and it’s as easy as 1,2,3. Rackstraw’s team has been working three shifts – including through the night – to cope with demand for new bike builds and maintenance jobs while ensuring physical distancing to keep staff safe. Just type your postcode, town or county into the box to find your nearest retailer. See how you can offer your staff a discount perk whilst saving your company money in NI contributions.
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