London bike price could cost just £1 per week

The Santander cycle scheme in London will cost commuters as little as a pound per week under a new pricing plan from Transport for London.

Business paper City AM reports employers who nominate operator Cyclescheme as their work partner will see the current £90 annual cost of membership cut by 32-42%.

Journeys less than 30 minutes are included in the membership and every additional 30 minutes of cycling will cost £2.

Helen Sharp, TfL’s head of cycle hire business development, told the paper, “Our cycle hire scheme has led a revolution in cycling in London over the last ten years, offering people flexible and affordable access to bikes across the city.”

(Picture – Transport for London)

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