Issue - meetings

The Cabinet considered a report which provided an update following a review of the Authority’s current Cycle to Work and Car Loans scheme.

The Cycle to Work scheme had been set up eleven years ago and deemed to be out of date. Enhanced technology within the cycling industry had not only led to increased purchase cost of traditional road bikes but the option to purchase new electric bikes had also become more attractive.

The current Car Loans (Assisted Car Purchase) scheme had been in operation since 1998. It was contained within the Council’s Conditions of Service and any change to the current scheme or consideration of removal would require consultation with the recognised Trade Unions.

UNANIMOUSLY RESOLVED

13.1 that the limit for bike and accessory purchases under the Cycle to Work Scheme be increased from £1,000 to £3,500;

13.2 that the term of the agreement under the Cycle to Work Scheme be extended from the current 12 months to 24 months for purchases more than £1,000;

13.3 that, due to increasing costs and inflation, the maximum loan advance under the Car Loan Scheme be increased from £7,350.00 to £9,999.00 with effect from July 1^st  2023.