Wednesday, 22 May 2013
Cycle to Work Saves over 100,000 tonnes of CO2
The continuing benefits of cycling to work have been highlighted by the latest research into this valuable employee benefit. Commuters who would otherwise use the car to get to work, having benefited from the Cycle to Work scheme, are saving 112,210 tonnes of CO2 in reduced car emissions each year.
Cycle to Work schemes help deliver sustainable transport, reduce congestion and improve the environment. They also create direct health, well-being and financial savings for individuals who take up the scheme. The research showed that 550,000 people have enjoyed the savings and benefits of Cycle to Work, offered via 32,000 employers.
The process for offering a scheme is quite simple. The employer sets up a scheme and buys bicycles and cycling equipment from the provider. They hire it to their employees who then have the option to buy the bike and equipment at the end of the loan period.
Offering the Busy BeesBenefits Cycle to Work scheme to employees can save an organisation up to £138 per year, per employee on the scheme. Employees can save up to 50% on the cost of a new bicycle, equipment and accessories and also make savings on tax and National Insurance of up to £410, depending on individual circumstances.
The savings which employees can make are the main reason they sign up to the scheme, but the creation of a healthier workforce, less need for parking and the contribution it can make to the organisation’s corporate social responsibility profile are also important benefits.
Any company can offer a scheme, whether big or small. 57% of the employers surveyed in the research were SMEs, with less than 200 employees.
For more information about cycle to work, click here.