Why we ride – iwoca launches cycling project

5

min read

Why we ride – iwoca launches cycling project

red wedge
grey wedge
yellow dot
grey line with green square
blue square

Small businesses. And cycling.

The connection might not be immediately obvious. But at iwoca, we believe cycling can help business owners and their staff live healthier, happier and more socially active lives.

Our friends at Xero recently found that 80% of small business owners say they’ve experienced stress in the past six months. The British Heart Foundation tells us 20 million Brits are classified as inactive – almost a third of the population. Plus, the FSB estimate that 75% of small businesses employ no-one beyond the owner.

In short, by doing what they do and love, small business owners risk affecting their mental and physical health, and can find it their social lives suffering. Because of this, we’re launching a campaign to get more businesses cycling.

Our first foray into the sport is with Kendal Cycle Club (KCC) – one of the fastest growing clubs in the country – based on the edge of the Lake District. The sponsorship gives small business owners and their staff a year’s free membership to the club, as well as providing an injection of funds to help KCC promote cycling in Kendal and the surrounding area.

We recently visited the club to speak with its members and find out what KCC’s business owners get out of being part of the club.

“Don't get me wrong, I love my work, but work can be hard and can be stressful,” says KCC member and business owner Andy Taylor, who founded the Anything Technical ski shop in Kendal. “You don’t generally get stressed on your bike. Cycling, for me, is one of the biggest parts of my life – it is my freedom.”

Sylvie Heath is a musician and founder of Creative Heights, an outdoor adventure and education business. Sylvie started the business after experiencing burnout as a teacher and being signed off work due to stress.

“For me, as soon as I just get on the bike I'm in my happy place,” she says. “I know it sounds cheesy, but I just love the feeling of the motion. I do a lot of outdoor sports – swimming, running and various things – but there’s something about biking in particular, just that motion that just feels good.”

iwoca and Kendal shoreline

KCC has more than 680 members spanning all ages, abilities and interests. Founded in 2015 it incorporates almost all aspects of cycling including road, track, cyclocross and triathlon. There are junior race teams, training programmes and a Wheels for All project which aims to help anyone get riding, including those who need adapted bicycles.

It’s not just businesses in the Lake District who can get involved. We’re also launching our own digital club on Strava, the social network built around sport and exercise. Join us to enter competitions, be the first to hear about new projects and events, and be in with a chance of getting your hands on some exclusive iwoca kit.

We'll be announcing lots more soon. In the meantime, enjoy the ride.

Click here to learn more about free membership to Kendal Cycle Club.

Click here to join our club on Strava.

Words by
Dan Smith
Article updated on:
March 18, 2020

Get started

  • Borrow up to £500,000
  • Repay early with no fees
  • From 1 day to 24 months
  • Applying won't affect your credit score
Apply now
red line and yellow circle

Other finance related topics

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

View all
Alternative business funding

Supply chain finance

Supply chain finance plays a crucial role in the success of businesses in the UK. It involves various financial techniques and solutions that help optimise the movement of goods and funds along the supply chain. By understanding the basics of supply chain finance, businesses can unlock potential opportunities and drive growth in the competitive market.

Accountants

Management buyout

A management buyout (MBO) is a well-known strategy in the business world that allows the existing management team to take control of a company by purchasing either all or a majority of the company's shares from its current owners. In the UK, management buyouts have gained significant popularity as a means of acquiring and managing businesses.

Alternative business funding

Property refurbishment loans

In today’s competitive real estate market, property refurbishment has become an increasingly popular strategy for investors looking to maximise their returns. However, undertaking a renovation project can often require a significant amount of capital upfront. This is where property refurbishment loans come in to provide the necessary funding. In this article, we will explore everything you need to know about these loans and how they can help turn your property investment dreams into a reality.

light blue wedge

Let’s get started

Applying won’t affect your credit score

Need help? Call us:

Get approved in 24 hours

Applying won’t affect your credit score

What's next?

  • Apply in 5 minutes
  • Meet your account manager
  • Get money in the bank in hours

Need help? Call us:

close cross