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11 Mar 2024

Proposed government changes to regulations and legislation governing EAPCs (Electrically assisted pedal cycles), which could see a doubling in the power of e-bikes to 500W and allowing ebikes to...

8 Mar 2024

Daniel Blackham, editor of industry magazine BikeBiz, has been writing about his experience of completing the Cytech technical one qualification at training provider Spokes People in Milton...

7 Mar 2024

ACT member and Cytech-accredited retailer JE James Cycles – one of the largest independent cycle retailers in Europe – is to open a new 7,874 sq ft store shop in Barnsley town...

6 Mar 2024

Cytech partner Activate Cycle Academy, the largest and most recognised training provider of bike maintenance and technical training courses to the UK’s cycle industry, recently welcomed a...

29 Feb 2024

Retailers looking for a payment solution that facilitates in-person, remote and online payments should look at what’s on offer from ACT partner Global Payments.
 

29 Feb 2024

The ACT is happy to confirm the date for Local Bike Shop Day 2024 as Saturday 4 May, the weekend of the early May Bank Holiday.

27 Feb 2024

The inaugural Cycling Electric magazine Demo Day will take place on Sunday, April 28th, at the Lee Valley VeloPark in London.

27 Feb 2024

New research from the European Cyclists' Federation (ECF), a Brussels-based advocacy group, has confirmed that if a city has more bike lanes, more people will cycle. The results will give...

13 Feb 2024

2024 is well underway and we’re just around the corner from the Spring Statement and for the retail sector it’s pretty much business as usual…or is it?

13 Feb 2024

Fabian Hamilton MP, co-chair of the Walking and Cycling All-Party Parliamentary Group, has said that the Cycle to Work scheme "must be reformed".

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Busiest year yet for TfL’s cycle hire scheme

Posted on in Business News , Cycles News

Transport for London’s (TfL) cycle hire scheme saw more bikes hired during 2022 than any other year in the scheme’s history, with 11.5 million rentals across the year.

Santander bikes

According to TfL data, 2022 saw 11,506,889 hires, which is 565,625 hires more than were made in 2021, which was also a record-breaking year for the scheme. The scheme also saw record-breaking months between September 2021 and August 2022, with each month achieving the highest number of hires for that month since the scheme launched 12 years ago.

The large docking station outside Waterloo station was the busiest in 2022.

TfL says that the increasing numbers of bike hires reflects wider increases in walking and cycling seen in London over recent years.

Last year also saw the scheme’s first major change in pricing, replacing the daily fee with a flat-rate 30-minute hire rate, along with a new monthly subscription and enhancements to the existing annual subscription rates. Last October also saw the rollout of 500 new e-bikes for the first time, although they’re currently only available to registered users. The new e-bikes saw 129,232 hires made in the first few months of operation.

TfL and Southwark Council have also completed an expansion of the scheme, with seven new docking stations serving people in Bermondsey and Walworth. The new docking stations were funded by Southwark Council.

Santander’s agreement to sponsor the cycle hire scheme currently runs until May 2025.

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