Belgium’s Cycling Revolution: 20% of Employers Embrace Bicycle Leasing
Headline: Belgium: One in Five Employers Already Offers Bicycle Leasing
In Belgium, one in five employers already offers bicycle leasing to their employees. This is a significant increase from a few years ago, when only one in ten employers offered this benefit. The growth of bicycle leasing is being driven by a number of factors, including the increasing popularity of cycling as a mode of transportation, the growing awareness of the environmental benefits of cycling, and the tax advantages that are available for employers who offer bicycle leasing.
Here are some of the reasons why bicycle leasing is becoming so popular in Belgium:
The increasing popularity of cycling: Cycling is becoming increasingly popular in Belgium, as people become more aware of the environmental benefits of cycling and the health benefits of regular exercise. In 2020, there were an estimated 1.2 million bicycles registered in Belgium, and this number is expected to continue to grow in the coming years.
The growing awareness of the environmental benefits of cycling: Cycling is a sustainable mode of transportation that produces zero emissions. This is a major advantage in a country like Belgium, which is committed to reducing its carbon emissions.
The tax advantages for employers: Employers who offer bicycle leasing to their employees can benefit from a number of tax advantages. For example, they can deduct the cost of the bicycle from their taxable income, and they can also provide their employees with a tax-free allowance for the cost of cycling to work.
Benefits of bicycle leasing for employers:
There are a number of benefits for employers who offer bicycle leasing to their employees. These benefits include:
Attracting and retaining employees: Bicycle leasing can be a valuable tool for attracting and retaining employees. Employees who are able to cycle to work are more likely to be satisfied with their job, and they are also less likely to experience stress and burnout.
Improving employee health: Cycling is a healthy activity that can help to reduce the risk of obesity, heart disease, and other chronic diseases. Employers who offer bicycle leasing can help their employees to improve their health and well-being.
Reducing the company’s environmental impact: Bicycle leasing can help companies to reduce their environmental impact. By encouraging their employees to cycle to work, companies can reduce the number of cars on the road and the amount of pollution that is emitted.
The growth of bicycle leasing in Belgium is a positive development. It is a way for employers to attract and retain employees, improve employee health, and reduce their environmental impact. If you are an employer in Belgium, I encourage you to consider offering bicycle leasing to your employees.
If you are interested in learning more about bicycle leasing in Belgium, you can visit the website of the Flemish Cycling Federation. The federation has a number of resources available to employers who are considering offering bicycle leasing to their employees.