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18 Jul 2024

Cytech training provider Activate Cycle Academy is to exhibit at the GT Malverns Classic Mountain Bike Festival 2024, an event often described as the “Glastonbury of mountain...

15 Jul 2024

The cycling industry is “ripe” for smart investment, and a renewed wave of merger and acquisition deals, as it looks ahead to a profitable 2025 and “significant” medium...

15 Jul 2024

The Independent has published its list of the best electric bikes of 2024 after testing a series of folding, hybrid and city e-bikes.

15 Jul 2024

Community groups and other not-for-profit organisations in Greater Manchester can now apply for funding to set up their own bike library.

15 Jul 2024

Andrew Goodacre, CEO of ACT parent company Bira -the British Independent Retailers Association – has met with the new Secretary of State for Business and Trade Jonathan Reynolds and...

15 Jul 2024

The London Cycling Campaign has teamed up with Lime and Loud Mobility to launch a new £100,000 ‘Share the Joy’ fund to increase cycling within...

8 Jul 2024

Become a Luchos Distributor - Deal Directly

2 Jul 2024

We recently reported that a £1 billion damages claim had been filed against Amazon on behalf of retailers selling on Amazon’s UK marketplace for illegally misusing their data and...

2 Jul 2024

In the first of an occasional series of features, we are delighted to introduce you to Ross, an expert trainer in Glasgow, and one of the most recent trainers to join the Cytech family.

1 Jul 2024

ACT member e-Velo is to open a new store in the Royal Arcade in Norwich in July, selling a range of e-bikes from some of Europe's top brands.

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Co-chair of the Walking and Cycling Parliamentary Group says Cycle to Work scheme

Posted on in Business News , Cycles News

Fabian Hamilton MP, co-chair of the Walking and Cycling All-Party Parliamentary Group, has said that the Cycle to Work scheme "must be reformed".

Cycle lane

Last week, Mr Hamilton met with ACT representatives and heard the concerns retailers had with the Cycle to Work scheme.

Among these concerns were suggestions that the scheme was overly complicated, inconsistent and out of date. However, the chief concern was the fact that individual bike shops were forced to bear the heavy administrative costs of the scheme, whilst third-party providers made healthy profits.

Now, in a statement published on Global Cycling Network, Mr  Hamilton has stated that he too believes the Cycle to Work scheme needs to be reformed:

"The current schemes must be reformed so that small businesses are able to take part without operating at a loss. The intermediaries, that are often large corporations, are raking in the profits while small cycling manufacturers and shops suffer."

The intermediaries in Cycle to Work schemes are private businesses that facilitate the scheme for employers.

These providers buy bicycles from bike shops on behalf of participants in the scheme, then rent the bikes to the participants. The administrative cost of this transaction is high, and at the moment, it is lumped almost entirely on the individual bike shops.

The scheme might need reform, but Mr Hamilton makes clear that schemes of this kind are a good thing, saying:

"Schemes that promote cycling are vital to public health and tackling the climate emergency."

Indeed, he sees the bicycle industry as a key part of the "new industrial strategy" that the Labour party is campaigning for at the upcoming general election. He concludes by saying:

"Cycling businesses are integral to this [strategy] and we will make it as easy as possible for them to do business in the UK."

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