Green Commute Initiative
How would you like to buy ANY PRICE electric bike from us, save up to 42% off the total price, and pay the total back over 24 months to your employer? With The Green Commute Initiative, you can do just that.
You can read all about it on the website here: https://www.greencommuteinitiative.uk/
Authorised by the Financial Conduct Authority, the finance model is very slick and easy for employers. The Green Commute Initiative will even finance it, so no employer cash is required.
The Green Commute Initiative are a not-for-profit Social Enterprise with a mission to get more commuters out of their cars and onto clean electric bikes because cleaner air helps us all.
There’s a revolution in commuter transport going on. e-bike commuting is fast, healthy, and really cool! So leave the car and lycra at home, forget the frustration and congestion and enjoy your electric bike to work.
How it works for the employee
Getting your bike is simple, your employer will provide you with a voucher to hire a commuting package of your choice. The package can contain an electric bike as well as safety equipment, clothing and accessories, tools and spares.
The cost of your voucher is repaid via salary sacrifice. Depending on your tax rate, you’ll save either 32% or 42% on the cost of the package.
Because the salary sacrifice period is independent of the hire period, depending on your employer, you can normally choose 6, 12, 18 or 24 month periods. So you can afford a really top quality electric bike.
How It Works for the employer
Your employees get a quote for the package they’d like to hire from one of our local resellers and enter the information into our website. We’ll confirm you’re OK with them taking part.
We’ll then invoice you for the value of the packages. If, as the employer, you want to finance them our specialist partner will send you the paperwork.
We send your employees the agreements which are signed electronically on-line. Then we send them the voucher. They take the voucher to the shop with suitable identification and collect the package.
We send you file copies of the agreements and a salary sacrifice schedule.
We manage the shops and sort out any issues.
We manage the end of scheme arrangements.