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Cycle scheme allow up to £10k I believe. My wife just got a pretty spectacular emtb with some upgrades and a spare chains and brake pads without hitting the maximum. Given the saving made it still worked out much cheaper than buying a lower spec 2nd hand model of the same bike which had only done 175miles and upgrading it.
dancing james
HR have just said they are upping the limit on our scheme to £7.5k from April 1st. Eek.