More than 8,000 motorists across the UK were persuaded to get out of the driving seat and into the saddle last year thanks to the cycle to work scheme operated by just one provider, Wheelies Direct Cycle Solutions.
The number of people signing up to its scheme rose by 250% on the same period last year, as a growing number of households struggle to make ends meet.
"One of the biggest drains on the weekly budget is the commute to work and with petrol prices seemingly on a never-ending upward spiral it means that not only are motorists being hit in the pocket, but even those who travel by bus are affected as the cost of their journey also rises to cover the transport company's rising fuel bills," said managing director Steve Edgell.
Cycle to work schemes enable employers to offer their staff bicycles and cycling equipment cheaper than the high street through a flexible benefit scheme. Businesses that have joined the scheme so far this year include the Football Association, the Royal Opera House, the Eden Project, Formula One Racing and BMW.
Thousands of cash-strapped employees sign up to cycle to work schemes
Workers are ditching their cars for pedal power as they try to save money on their daily commute during the downturn.
