Tag Archives: ACT

This year’s Local Bike Shop Day set to take place in April

Local Bike Shop Day is set to take place this year on Saturday 30th April. The date was chosen following an early December poll among participating retailers. Local Bike Shop Day, an industry-wide initiative managed by the Association of Cycle Traders, aims to celebrate bike shops across the nation. Key …

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Applications for additional apprenticeship incentives open

Applications for the Government’s latest additional incentive payment of £3,000 open today, 11th January, for employers who have hired apprentices over the winter. Businesses who hire or have hired a new apprentice, with an employment start date between 1st October 2021 and 31st January 2022, can apply to receive £3,000 …

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Local Bike Shop Day 2022: Retailers asked to share their views for next year’s event 

The organiser of Local Bike Shop Day is urging retailers to share their thoughts ahead of the 2022 event.  First held as an annual event to celebrate independent bike shops across the UK, Local Bike Shop Day has grown in profile since its inception and was supported by a record …

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Cytech seeking training partners in Scotland, Northern Ireland and Ireland

Cytech is seeking training partners in Scotland, Northern Ireland and Ireland, as it looks to expand in the UK and Ireland. Managed by the ACT, Cytech’s mission to raise the standard of professional cycle technicians across the globe is going strong with first-rate facilities now training in four continents and Cytech …

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‘Buy now pay later’ services being exploited by fraudsters, warns Association of Cycle Traders  

The Association of Cycle Traders has warned that ‘buy now pay later’ services are being exploited by criminals.  Schemes that allow consumers to take home products and pay at a later date have proved hugely popular for younger consumers, but are also somewhat controversial as they pose potential risks to …

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Treasury launches consultation on BNPL regulation

Using non-regulated Buy Now Pay Later (BNPL) services can be like “slipping into quicksand”, a charity has warned, with the Treasury launching a consultation into bringing the sector under regulation. Many BNPL products are becoming increasingly popular among Gen Z’s and Millennials – it is offered widely online by fashion …

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Government extends incentive payments for hiring a new apprentice

The Government has recently announced an extension to its £3,000 incentive payment to employers taking on a new apprentice, with an employment start date from 1st October 2021 to 31st January 2022. This payment is in addition to the existing £1,000 an employer will get for taking on an apprentice …

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FCA fees ‘penalise independent businesses’

The FCA recently announced increases in its base rate fees that will have an ‘unfavourable effect’, particularly on smaller independent retailers, said the ACT. However, retail finance remains the ‘most powerful sales tool available for IBDs’, the ACT added, and correctly used these extra costs can ‘easily be negated’. Applications …

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LBSD 2021 celebrated by 370 bike shops across UK

Local Bike Shop Day 2021 was celebrated by 370 bike shops across the UK, an increase of 37% from the previous year, with some IBDs offering their customers discounted products, free bike services or guided bike rides. Local Bike Shop Day – organised for the industry, by the industry – is …

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