Hi Chief,
I understand the concerns you’re talking about, having made a canoe and a couple of surfboards I can confirm that they are not perfect, and in no way have I saved any money!
However, I’m happiest when I’m making something, and a bike seems like a good next project.
I would be suprised if I got any change out of £500 for a first attempt.
Facilities wise, garage/workshop setup, good selection of tools to make jigs etc.
Initial thoughts for manufacture are to ‘sculpt’ the shape out of medium density foam (like the type you shape surfboards from), fit hardware (BB shells, headset tube, dropouts etc).
Then either layup with CF/GF, wet out with epoxy then wrap with perforated tape to get rid of excess resin.
Or
Vacuum bag in sections, but I’m not sure about that, I’ve only every vac bagged on a plate/mould