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as far as i'm aware, you can spend the voucher on components, it doesn't have to be a full bike (unless that's changed as well??)
for clarity, i'm talking about evans own 'ride-to-work' scheme, which may differ slightly to other cycle schemes.
bigshape-
All of the individual schemes are simply the operation of the overarching government initiative (https://www.gov.uk/government/publications/cycle-to-work-scheme-implementation-guidance)
Brain-Stew
I had looked at buying a frame set through my cycle to work scheme previously and at the time they said it had to be a full bike so not sure if they would be able to?