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21 Mar 2023

The Walking and Cycling Alliance (WACA) has written to the prime minister urging him to reverse the controversial decision to cut the budget for active travel schemes in England – a move...

16 Mar 2023

Industry experts and trade associations in the retail sector have been expressing their disappointment at the support offered to retailers in the Chancellor’s Budget.

14 Mar 2023

New data shows that a majority of the UK public oppose the rising and unregulated costs British businesses face for simply accepting payments. With the cost of doing business at record levels,...

13 Mar 2023

From saving energy and lighting costs, to using biodegradable packaging and prolonging a product’s lifespan, Drapers Magazine has been looking at how independent retailers can improve...

8 Mar 2023

As the world marks International Women’s Day, the Association of Cycle Traders is among several industry organisations backing a new Diversity in Cycling campaign, a project led by the...

8 Mar 2023

Leicester residents are being offered the chance to borrow an e-bike free of charge as part of a new extended scheme to encourage more people to travel on two wheels. Would-be cyclists can loan...

7 Mar 2023

The UK economy could be boosted by £1.1 billion if one in five car journeys were taken by a shared e-scooter or e-bike, according to a new study funded by leading mobility firm Dott.

7 Mar 2023

Hundreds more bikes from Brighton’s former cycle scheme are being sent to Africa to support communities there.

2 Mar 2023

What is not in doubt is that a significant number of UK shoppers either wouldn’t make a purchase if retail finance was not available or would not spend as much as they do without being...

23 Feb 2023

The ACT will be joined by key service partners when leading trade show iceBike* returns as an in-person event for the first time since 2020 on Sunday 5th March and Monday 6th March at the...

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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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