Lime joins the UK’s government backed cycle-to-work scheme through a partnership with specialist bicycle provider CycleSaver to offer discounted commuting costs.
CycleSaver’s cycle-to-work scheme operates exactly like a regular cycle-to-work scheme except the employees are given the ability to purchase a bike subscription, rather than a bicycle of their own.
There are currently two bundles available: 500-minutes per month and 1000-minutes per month, both offered as flexible monthly subscriptions via CycleSaver.
The benefit will be available in London, Nottingham and Milton Keynes across Lime’s e-bike services only.
The costs of the subscription are deducted from their pre-tax (gross) salary, a process known as ‘salary sacrifice’.
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Companies can sign-up at no cost, and will benefit from a reduction in employer National Insurance Tax for every cycle-to-work product taken out by its employees.
Director of Policy for Lime UKI Hal Stevenson, said: “Lime is now more affordable than ever for commuters via our new cycle-to-work scheme and partnership with CycleSaver.
“Tens of thousands of people are already using Lime to commute every morning, so we hope companies and employees that are signed up to the UK’s cycle to work scheme take advantage of this.
“Offering a scheme that has discounts for both rental e-bikes as well as personal bikes is a great way for businesses to encourage more sustainable and active travel adoption by their employees.”
CycleSaver’s government backed cycle-to-work scheme will allow employees to benefit from 28% and 47% savings on monthly minute bundles with Lime through the tax benefits of salary sacrifice.
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In May 2024, 52% of Lime trips in London occurred during peak commute hours whilst with the savings a 30-minute Lime e-bike ride could cost as little as £1.30.
CEO of CycleSaver Dino Bertolis said: “CycleSaver’s cycle-to-work scheme caters specifically for the increasing number of individuals opting to use bike sharing schemes like Lime rather than owning a bike.
“The success of Lime is a testament to its fantastic product and changing habits of commuters. We believe the savings offered through our cycle-to-work scheme will attract even more regular users.”
Achievements and innovations in active travel will be celebrated at the third annual CiTTi Awards, which will be held on 26 November 2024 at De Vere Grand Connaught Rooms in London. Nominations are open now! Please visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector
