How much can I spend on the cycle to work scheme?

The maximum Certificate value available via the scheme for the vast majority of participants has been  £1,000 inc. VAT for many years. 

However, employers have increasingly offered schemes with a maximum value of over £1,000 (where they have their own FCA Authorisation) and the Government has recently (13/06/19) broadened it's guidance in this area, making it easier for employers to use Cyclescheme's FCA Authorisation to offer schemes without higher limits.

Helping hand 🖐

The process of switching employers over to Cyclescheme's new scheme (where they can use our FCA Authorisation to increase their limit) is likely to take a little while.

Cyclescheme will be able to update employers scheme settings swiftly, but businesses often have processes they need to go through in order to make, and then effectively communicate, changes to benefits (like Cyclescheme). 

If you're keen to make the most of the higher new limit, we recommend that you chat to your employer and check if they intend to increase their limit. Cyclescheme will be able to support them with this change as soon as they are ready.  

For the most up to date information on this, please visit:

It's very rare for employers to have a minimum spend, but this can occasionally be the case (at the employer's discretion). Unless you've been told otherwise, it's fairly safe to assume this will not apply to you. 

Can I add funds?

The Government (by way of the Department for Transport) have recently (13/06/19) updated their guidance on this matter and clarified that adding funds is not allowable.
If you wish to spend more than your Certificate value, you will need to cancel it and reapply.
Please remember 🚨

If you want to spend more than £1,000 on a bike and you are planning to cancel your request so that you can raise a new one for a higher value - please check with your employer first and make sure they plan to increase their limit (they are under no obligation to do so). 

If they are not planning to increase their limit - you will need to consider if you definitely wish to cancel as you will not be able to raise a request for a value in excess of £1,000.

I think I can save more than £1,000 already...
Some employers have their own Financial Conduct Authority (FCA) authorisation and allow their employees to request Certificates worth over £1,000. Although this is the exception rather than the rule (approx. 5% of employers are able to do this). Again, feel free to check with your employer, or our Contact Centre.

For a personalised savings figure that includes ownership fees, visit our calculator and enter your details. 

You can search to see if your workplace is signed up using the search box on Cyclescheme's homepage.

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