Cycle to Work Finance for Employers

Flexible Finance for Cycle to Work Schemes

There are many finance companies in the UK to choose from but it is usually best to work with one that specialises in your market place or the equipment you are looking to acquire.

Axis Lease Management Ltd launched one of the UK’s earliest Cycle to Work finance programmes almost 20 years ago. Since then, we have financed more than £33 million worth of bikes for employers across the UK. Our customers include blue-chip companies, Local Authorities, NHS Trusts, Fire & Rescue Services, Police Constabularies, manufacturing firms and retailers.

Organisations choose Axis because we make financing a Cycle to Work or salary-sacrifice bike scheme straightforward and cost-effective. Our service is known for competitive funding, excellent support and clear, simple processes – helping HR teams and finance departments deliver a smooth, stress-free employee benefit.

Whether you are introducing a new Cycle to Work benefit or growing an existing programme, Axis provides reliable finance solutions that promote healthier commuting and support your organisation’s sustainability goals. Together, we’re helping workplaces across the UK move towards a lower-carbon future.

Here are just some of our clients who are already up and cycling:

FAQ

Axis Leasing has developed an unsecured Loan facility specifically for Cycle to Work Schemes. The loan agreement is underwritten in the name of the employer. The period of finance can range from 12 months upwards, although the norm is between one and two years.

Yes. The interest charged over the period of the loan is passed onto your employees. Your payments may mirror the employees’ contributions. A one-off administration fee is charged which cannot be passed to the employee. This is charged per scheme not per employee and is £150.

Yes. The scheme provider’s invoice shows the VAT that can be claimed back in the normal way

Yes. Along with mountain bikes, road bikes and hybrids. Whatever you need.

If someone leaves before the end date of the scheme the outstanding liability is deducted from the employees’ final severance pay/salary.

There is no maximum. All lending is subject to credit. 

It is up to the employer whether to cap the price. 

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Why our customers trust us...

Over 25 years experience in the finance sector

Winners of Inaugural Societe Generale UK Broker Award (April - June 2019)

We have worked with some of the UK's largest institutions

“We have used Axis Leasing for our cycle to work schemes for many years now and they have always been great. Christine is really helpful and always keeps us up to date when we are running the scheme. When we changed franchise Christine was great with advising us on how to get the finance for our new scheme. Looking forward to working with Axis again this year.”
LEANNE HAWTHORNE, ABELLIO SCOTRAIL

If you have any particular requirement or query then please contact us and we’ll do our best to help.