Good morning,
This is a bit of misreporting, but not by too much. :-)
The cycle to work scheme has never had a £1,000 limit.
The way that it is structured means that whatever the current equivalent of a consumer credit licence is needed if the bike (and accessories) comes in over £1,000 and most employers don't have one.
The update clarifies but does not change the position that third parties that have the relevant licence can offer more expensive packages on the employers behalf.
So if an employer couldn't offer it on Friday then he can't offer it today.
Part of the reason for the lack of clarity may be that C2W was never intended to allow people to by the racer of their dreams and commute 2 miles to work each day! :-)
I would worry as the value of the equipment goes up as the issue of what happens when you leave the employer hasn't changed, the scheme ends.
Fine if it is a £300 bike and you have to find £60, but what if you have a £3,000 ebike and have to find £1,000?
I am not too up on early termination of C2W as there are various options, but returning the bike and walking away is not often an option, I understand that some companies now have bike pools, but would they want the ebike in the pool.
The other risk is that the finance provider may value the bike more highly at the end of the period, so if you want to keep it you may have to pay more than an employer run scheme where just getting rid of the bike is the objective.
Bye
Ian