Any employer can sign up to the cycle to work scheme and give their employees the opportunity to save money when buying a bike or cycling equipment for commuting to work. Only employees at registered companies can take advantage of the scheme, though. This is where the cycle to work scheme company code or pin comes in.
When a company signs up with any cycle to work scheme provider, they are typically issued with a code. In the case of Bike2Work Scheme, this takes the form of a numerical pin. This allows us to identify the company, but also helps us to match up employees with the companies they work for when they come to register.
Having received their code, employers simply share it with their employees. Then, when an employee comes to register for the scheme, they need only input the code along with their other details, such as name and address.
Once an employee’s registration has been verified, they can use a quote from one of our partner bike shops for the bike and/or cycling equipment they want to generate an invoice and a hire agreement. When both the employee and the employer have signed the hire agreement and the employer has paid Bike2Work Scheme for the goods, we provide a certificate that the employee can redeem at the bike shop to collect them. This whole process can take as little as 24 hours, after which employees can be freewheeling to work!