Cycle to Work Scheme
Vires Velo is registered with a number of Cycle to Work Schemes to offer customers the chance to use vouchers for the purchase of a new Factor bike
The Cycle to Work Scheme is a government initiative in the UK that encourages employees to cycle to work by making it more affordable to buy a bicycle and related equipment. Through the Cycle to Work Scheme, employers can offer their employees the opportunity to purchase a bicycle through a salary sacrifice arrangement. This means that the cost of the bike is deducted from the employee’s pre-tax salary over a set period, usually 12 to 24 months.
Vires Velo is registered with a number of the most popular schemes including:
- CycleScheme
- gogeta
- Green Commute Initiative
- Vivup
- Evans Ride-2-Work
It is simple to redeem a voucher with us, simple get your quotation for a bike using our Bike Builder tool, apply for your voucher for the set amount and once received we will use it to pay for your new bike.
For full details on each scheme see below:
Build your spec
Use our Bike Builder tool to get a quote for the bike you wish to order. At this stage you can pay a £500 fully refundable deposit to reserve your bike.
Apply for your voucher
Use your Bike Builder quote value to apply for your voucher using your employer's chosen Cycle to Work scheme.
Redeem your voucher
Once your voucher has been processed by your employer we can redeem it against the value of your bike. Once redeemed we'll build your bike.
gogeta
We are a gogeta partner retailer.
Thanks to the low cost of accepting gogeta vouchers we do not include any surcharges. gogeta offers an easy and fast Tax free bike scheme with big savings.
gogeta is easy to set up for employers and can be done within a matter of days. If you’d like to invite your employer to register, please send them this link: https://gogeta.bike/invite-your-employer
Cycle Scheme
Vires Velo is registered with CycleScheme. Cyclescheme is an employee benefit that saves you 25-40% on a bike, you pay nothing upfront and the payments are taken tax efficiently from your salary by your employer.
Use the calculator below to see how much you could save:
Guide Bike Prices
- Factor OSTRO VAM Dura-Ace Di2: £10,500
- Factor O2 VAM Disc Ultegra Di2: £8,700
- Factor O2 Disc Ultegra Di2: £7,500
- * Additional £300 fee is applicable for Cycle to Work Vouchers
Green Commute Initiative
Green Commute Initiative is an award-winning cycle-to-work scheme with no limits.
GCI’s scheme has no £1,000 limit and no scheme exit fees. You can save from 32-47% (depending on your tax rate).
Pay monthly through salary sacrifice with no added interest. Salary sacrifice periods can be from 12-60 months.
Additional Schemes
We are also registered with the following Cycle to Work schemes, please contact our team if you wish to use one of these as additional admin fees will apply
Vivup
If your employer is registered with the Vivup platform you can use the Cycle to Work benefit.
Evans Ride-2-Work
We are a registered retailer for the Evans Ride-2-Work scheme.
FAQs
The schemes listed are those that we are currently registered with. If you'd like to find out whether we can accept any additional schemes, contact our team and we can look into it.
Placing an order with a Cycle to Work voucher does not impact the delivery or build time with us. Usually, the leadtime on the process will be determined by your employer and how quickly they can process your voucher. Once we redeem your voucher you bike will be scheduled for build within 1-2 weeks.
If you decide to pay a £500 deposit to reserve your bike, we can refund this back to you if you generate a voucher for the full amount of the bike. Alternatively, you can apply for the voucher for the amount minus your £500 deposit.
Most voucher schemes are uncapped, however the total amount will be determined by your employer.