Lambeth Council is proposing to spend an extra £429,428 on cycling hangers in the borough over the next year. This is in addition to the £420,000 that has already been spent on the project over the past four years.
The report Cyclehoop Ltd Secure Cycle Parking Contract Variation argues the case for a one-year extension with the company. Lambeth awarded a four year deal worth £420,000 to Cyclehoop back in 2018.
The contract included the possibility of extending this for either one or two years. The Council has chosen a further twelve months extension, with a view to advertising the contract again in March 2023.
Cyclehoop pays Lambeth £60 per year for each hangar. In return the company gets to rent out the roadside space to residents. The current annual rent charge is £42 per bicycle.
The Lambeth Labour 2022 election manifesto claims that Lambeth has installed 1,000 cycle hangars under Labour. Yet the Council website puts this figure at 300.
The manifesto pledges to deliver “ over 5,000 secure cycle storage places by 2026 .”
Lambeth’s Cycling Strategy aims to achieve 20% of all journeys being made by bicycle.