How the scheme works
Getting your new bike is simple and we have produced a step-by-step guide to help you through the process so you know what to expect at each stage of your application. Below are some of the key points.
Its important for you to understand that the Government’s Cycle to Work scheme is based on bicycle hire with no automatic right to ownership at the end of the hire period. You will not own the bike during the hire period. You will be hiring the bike from GCI and we will retain the ownership until we agree otherwise. We will write to you with ownership options at the end of the hire period, ensuring HMRC rules are adhered to. Unlike other scheme providers, we will not charge you a 7% end-of-scheme fee. We want you to make the maximum possible savings.