To ask the Secretary of State for Transport, what assessment he has made of the potential merits of placing a cap on the costs charged by providers of the Cycle to Work Scheme vouchers as (a) a proportion of the total purchase cost of a bike and (b) a flat rate.
The Department for Transport has made no assessment of these charges and costs. Where an employer uses a scheme provider for their Cycle to Work Scheme any arrangements for costs and charges are matters for the two parties to determine as part of the contract between themselves.
On the 9th May the Government announced a £2 billion package of funding for cycling and walking. This includes £250 million which will encourage cycling to work through the provision of pop up bike lanes with protected space for cycling, as well as vouchers for cycle repairs and greater provision for bike fixing facilities. This builds on the refreshed Cycle to Work Scheme Guidance published in 2019 which made it easier for employers to provide bicycles and equipment including e-bikes and adapted bikes worth over £1,000.