The firm says that many salary sacrifice car schemes favour larger businesses rather than SMEs and adds that a reported 15% of organisations with more than 1,000 staff are thought to have adopted such schemes. The average take up rate reported by other suppliers amongst employees is around 5%.

However, by launching its “lite” package for firms with 20-200 employees, Fleet Evolution says it has seen strong success in both adoption rates and employer savings, suggesting that the nation’s 4.5 million small firms have an equally large appetite to get on the road as their bigger counterparts.

The new scheme allows smaller businesses to introduce car salary sacrifice schemes to their workforce with no set up costs and very little admin on their part.

Since launching the product earlier this year, Fleet Evolution have signed over 20 companies, with take-up rates averaging almost 20% in the first few months alone. 

Fleet Evolution director Andrew Leech said: ‘We often received calls from smaller employers and questioned whether we could do more to help them. We pride ourselves on innovation and simplicity and the salary sacrifice lite offering seemed to be a viable solution. We have been amazed by how many cars these new companies are taking on which shows just what an untapped market this is and how much potential and desire there is amongst smaller companies and their employees to participate.

‘We always handle all promotion and roll out for our customers and we were initially surprised at the turnout for launches, this has followed through with a significant take up and it shows no sign of abating, with more quote activity as cars are delivered.’

Fleet Evolution’s salary sacrifice lite product uses a defined rule set and process to manage scheme introduction. This means schemes can be introduced within a couple of days and administration is minimal for both customer and supplier.