The eBike Loan is funded by Transport Scotland and can help you purchase a new electric bike, including cargo and adapted cycles.
The popularity of pedal assisted electric bikes or ebikes for short, has been growing year on year. They are a good alternative to a normal bike especially if your route includes hills, is more than five miles long or if you need an extra boost on the road.
If you are considering purchasing an ebike, an exciting funding opportunity is available in Scotland through Energy Saving Trust. We offer an interest-free loan for individuals, repayable over four years, that can be used for:
- 2 x ebikes capped at £3,000 each
- 1 x family cargo bike capped at £6,000
- 1 x adapted cycle (value assessed on a case-by-case basis)
With the exception of an initial deposit, applicants must not make any other payment towards the purchase of the ebike(s) before receiving a loan offer under this programme as funding is not provided retrospectively.
The purchased ebike must comply with the UK Government’s eligibility criteria for Scotland.