During the hire period the bike and safety equipment remain the property of Newcastle University. As and when the Hire Agreements end the University will automatically transfer the ownership of the bike and safety equipment to Cyclescheme. Further information can be found in the “How does the scheme work?” section of the Scheme details.
Scheme details (PDF, 265KB)
Sample Hire Agreement (PDF, 127KB)
Separate arrangements apply to Under 18s and employees who are at or near the National Minimum/Living Wage.
New partner stores include Edinburgh Bicycle Cooperative as well as other city centre shops. See the Cycle Scheme website.
Introduced by the Government as part of the Green Transport Plan Initiative, the scheme offers associated tax concessions offered by the Chancellor. In simple terms, the employee chooses a bike and safety equipment of their choice from one of the designated local bike shops (known as “partner shops”). The employer purchases the equipment on behalf of the employee and hence retains the legal ownership. The employer then hires the equipment to the employee under a 12 month Hire Agreement. The employee, through the Hire Agreement, agrees to sacrifice part of their salary in exchange for the equipment. As the payments are taken from gross salary the employee makes savings of between 30.4% or 52% of the purchase amount, depending on individual circumstances.
For information relating to the scheme at Newcastle University please contact Jane Elliott-Simm.
For more general information please contact Cyclescheme on 0344 879 5101 or by email firstname.lastname@example.org.
Why not join the Bicycle Users Group? The group includes staff and students at the University who travel by bike. BUG works for improvements in facilities around campus, provides an up-to-date website of information important to cyclists, and co-ordinates a variety of cycling events. Membership is managed via a mailbase mailing list.