Price Bailey Chartered Accountants have introduced the Cycle2Work scheme for their employees where they can purchase a bike at a reduced rate, helping to reduce the number of cars on the road.
The Cycle2Work scheme, which runs in partnership with Halfords, aims to reduce the amount of employees using their cars to get to work. This helps to improve Price Bailey’s environmental impact with additional benefits of encouraging team members to get fit, avoid traffic delays and also save money on fuel, car parking and other public transport fares.
Employees are allocated £1,000 to purchase bikes and cycling equipment from Price Bailey. The cost of this equipment is taken out of the employee’s salary over a year with a 32% (for standard tax payers) or 42% (for higher rate tax payers) saving in tax by the government initiative.
This is another step that Price Bailey have taken in 2018 to reduce their environmental impact. In February, they introduced their ‘Plastic is not Fantastic’ initiative which saw the removal of plastic drinks bottles in their hospitality and events procedures. This has reduced the amount of plastic being sent for recycling across all offices.
Martin Clapson, Managing Director of Price Bailey said, “The Cycle2Work scheme is a great way to reduce our impact on the environment whilst helping people to get fit. We did away with plastic bottles in all our offices earlier this year and now we are fully supporting the Cycle2Work scheme. It is also a fantastic opportunity for our teams to prepare for a number of exciting cycling events that we are holding with Action Medical Research who are our charity partner for 2018-2020.”