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Retailers hope warm weather and bank holidays will boost high street sales

16 May 2025

ACT parent company Bira has said that members are hopeful the warm weather, Easter weekend and upcoming bank holidays will provide a much-needed boost to high street sales.
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Economic growth surges to 0.7%, but "April reality check" looms for high street retailers

15 May 2025

UK economy delivers strongest quarterly performance in a year despite forecasts of business downturn.
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Communities come together for Local Bike Shop Day 2025 celebrations

13 May 2025

Local Bike Shop Day 2025 brought a wave of... Read more…

ACT parent company Bira welcomes Bank of England's latest interest rate cut

8 May 2025

ACT parent company Bira has welcomed the Bank of England's decision to reduce interest rates from 4.5% to 4.25%, calling it a "much-needed boost" for the retail sector, including for cycling... Read more…

ACT parent company Bira responds to Beales' "Rachel Reeves Closing Down Sale" as iconic store makes final protest

8 May 2025

ACT parent company Bira has responded to the news that the 144-year-old Beales department store is staging a "Rachel Reeves Closing Down Sale" in its final weeks of trading, with giant yellow... Read more…

Employment Rights Bill - ACT and Bira answer your questions

28 Apr 2025

The Labour Government’s new Employment Rights Bill is set to be in force this year and the new regulations will impact high street retailers up and down the country.
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ACT parent company Bira welcomes Chancellor's action on unfair trade practices

25 Apr 2025

ACT parent company Bira welcomes the Chancellor's announcement of plans to create a level playing field for British businesses against unfair international trade practices.
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ACT parent company Bira responds to Prime Minister's 'Bobbies on the Beat' plan

11 Apr 2025

Bira has cautiously welcomed the Prime Minister's announcement this week on plans to put 'thousands of Bobbies back on the Beat' with a new neighbourhood policing guarantee.
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ACT parent company Bira warns of 'Atrocious April' as shop price inflation rises

1 Apr 2025

Bira has voiced serious concerns over the latest figures from the BRC-NIQ Shop Price Index for March 2025.
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ACT parent company Bira says Spring Statement fails to address high street crisis

26 Mar 2025

ACT parent company Bira has said the Chancellor's Spring Statement delivered today has failed to address the "perfect storm" of cost pressures facing independent retailers across the UK,... Read more…

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London’s ‘Square Mile’ sees record-breaking surge in cycling

Posted on in Business News, Cycles News

The City of London’s ‘Square Mile’ has seen the biggest increase in cycling since records began, with daily numbers rising past all previous counts.

London Park Cycling

Official figures from October 2024 show 139,000 people cycling each day across 30 locations within the bustling ‘Square Mile’ region of the capital – a jump of 50,000 from 2022 that marks a rise of over 50%, the largest since data collection began in 1999.

Footfall is also up by 8% compared to 2022, and cycling, walking, and wheeling now account for three-quarters of all travel activity in the Square Mile, rising to 85% during peak hours.

With nearly twice the number of bikes as cars on London’s streets during the day and cycling making up 56% of all peak commuting traffic, the City of London Corporation has now met three major traffic targets six years ahead of schedule. These include a 70% rise in cycling (target was 50% by 2030), a 34% fall in motor traffic (target was 25%), and a 21% reduction in freight traffic (target was 15%).

In addition to this, four streets have seen cycling levels more than double in just two years, with most of the rise (60%) from personal bikes, while dockless cycles have quadrupled and now represent one in six on the streets.

The record-breaking figures follow broader trends in London, with TfL reporting a 26% increase in cycling city-wide since 2019 and a 12% jump in central London since 2023. In the last year alone, TfL opened 20 new Cycleways, connecting another 600,000 people to the cycle network and supporting this sharp increase in bike travel.

Shravan Joshi, Chairman of the Planning and Transportation Committee at the City of London Corporation, said: “As footfall across the City of London continues to rise, it’s vital our Transport Strategy ensures that it is a safer and more pleasant environment for everyone to travel through. We know this work is making a difference. Our streets are safer with the latest figures showing the lowest number of serious injuries on our streets since records began, but we are not taking our eye off the ball, as there is more work to do.

“Our air quality is improving, too. When we first published our strategy in 2019, 15 locations across the City exceeded our air quality objective for toxic nitrogen dioxide. Last year this figure was down to two.”

Will Norman, London’s Walking and Cycling Commissioner, said: "Enabling more people to cycle improves health, cuts congestion and helps the environment – so it’s key to the Mayor’s vision for transport.

“I’m really excited about this increase in cycling across the City of London, which is great progress towards our goal of increasing cycling journeys to 1.6 million by 2030. The network of cycleways across the capital is continuing to grow, helping unlock safer and more accessible cycling to even more Londoners, supporting the Mayor’s aim for a greener, safer London for all.”

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