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Shop occupancy rates improve despite cost-of-living crisis

30 Jan 2023

The number of shops lying vacant on British high streets fell during the final three months of 2022, despite pressure on both companies and consumers from the rising cost of living.
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Bike Europe has reported Halfords’ financial statement demonstrating that cycling sales have dropped to pre-covid levels.

18 Jan 2023

The article reports that, in 2021, Halfords saw its annual cycling sales double and stocks dry up. However, by the middle of 2022, it says, warning signs were appearing as inflation and supply... Read more…

Seaside town bucks the trend with indie retail thriving

16 Jan 2023

Weston-super-Mare seems to be one town in the UK bucking the national trend, with new shops opening and businesses reporting an increase in trade, according to a report by Bristol Live.
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Indie bookshop numbers hit 10-year high in 2022 defying tough retail climate

16 Jan 2023

The number of independent bookshops in the UK and Ireland climbed to a 10-year high in 2022, as the book trade defied the odds in an otherwise tough year for high street retailers.
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New King’s banknotes to enter circulation by mid-2024

12 Jan 2023

New banknotes featuring King Charles are to enter circulation by mid-2024. The King’s portrait will appear on four polymer banknotes (£5, £10, £20, and £50).... Read more…

Government scales back energy bill support for businesses

12 Jan 2023

The government has announced it is to scale back support for businesses and their energy bills after warning that the current level of help was too expensive.
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Sector expertise and user experience counts when it comes to retail finance

10 Jan 2023

With retail finance schemes remaining a preferable route for retailers to boost sales during recession than the financial hit required by heavy product discounting, the Association of Cycle... Read more…

Portugal becomes first EU country to cut VAT on bicycle purchases this year

10 Jan 2023

Portugal has become the first EU country to cut VAT on bicycle purchases this year, from 23% to 6%.
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One in three responds to Big Bike Revival to use bike for one in two journeys previously taken by car

9 Jan 2023

Cycling UK says that its Big Bike Revival programme, which encourages people to get unused bikes out of their garages and sheds and start using them for everyday trips, has led to a third of... Read more…

Busiest year yet for TfL’s cycle hire scheme

9 Jan 2023

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.
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Cycling in London up 40% since the start of the pandemic, TfL reports

Posted on in Cycles News

TfL said the increase in cycling was “very encouraging” and was achieved despite a reduction in all forms of commuting. Weekday bike trips are up 20- 25%, when March 2020 is compared with October 2022, while there has been a 90% increase in cycling at the weekend.

TFL cyclist

There has also been record usage of the “Boris bike”/Santander bike hire scheme - 10.9 million hires so far this year, up 762,500 on the same point last year, and including 86,000 hires of the scheme’s new e-bikes.

Will Norman, London’s walking and cycling commissioner, said: “It’s great to see that the boom in walking and cycling we saw during the pandemic has continued.”

TfL’s target is for a third of Londoners to live within 400m of a “high quality” cycle route by 2025. The figure has risen to 22%, compared with 12% in 2019, but some of the routes are temporary schemes that are being reviewed and could be removed.

TfL is investing £80m a year in walking and cycling schemes, with a further £69m a year for borough schemes.

Alex Williams, TfL’s chief customer and strategy officer, said: “Walking and cycling are absolutely essential to a more sustainable future for London so it’s very encouraging to see this new data, which shows that there continues to be significant increases in the number of journeys cycled or on foot.”

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