The soaring cost-of-living means it’s a worrying time for many people. Energy prices have risen to unprecedented levels and will increase further in the autumn. Food prices are rising fast and tough decisions are being taken by families as they choose between heating and eating.
Many workers are struggling with the cost of commuting to work. Transportation costs are increasing with car ownership becoming more expensive as insurance premiums rise and fuel costs soar. Public transport has also seen an unprecedented surge in ticket prices.
Meanwhile, pressure is also mounting for organisations to reduce their environmental impact and achieve net zero status. However, addressing the climate emergency is about more than switching to electric vehicles. Multiple studies warn that driving overall must be reduced to hit climate targets.
Active travel makes a real difference
Employers can support staff during the cost-of-living crisis by improving their staff benefits offering. A positive change in commuting habits can be promoted by giving employees access to the Cycle to Work Scheme. Under the scheme, employees are encouraged to ditch the car and switch to cycling for their commute. Commuting by bike can save employees time and money, reduce harmful emissions, and improve individual health and fitness.
A Fairer Cycle to Work Scheme
Green Commute Initiative’s Cycle to Work Scheme gives access to significant savings of 33.25% to 48.25% on any type of cycle. The salary sacrifice payments come from the employee’s gross salary, reducing their tax and NI obligation. The interest-free payments can be spread over 3 to 48 months making it a very manageable monthly expenditure for employees. There are no ‘ownership fees’ so employees make the maximum possible savings available to them. GCI is a not-for-profit social enterprise with a vision for a cleaner and healthier future for everyone. When more people cycle, everyone wins.