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15 May 2024

A new report released on behalf of the Retail Sector Council has outlined the work that the industry is doing to create more career opportunities for people that would otherwise be...

14 May 2024

A family of booklovers are moving from Australia to become the new owners of an independent bookshop in Halifax.

14 May 2024

Worldpay’s 2024 Global Payments Report has revealed a transformative shift where consumer choice is not just influencing but dictating the future of commerce.

13 May 2024

The Competition and Markets Authority (CMA) has called on grocers to prioritise accurate pricing following a review of the way in-store prices are displayed.

13 May 2024

Independent businesses in Leicester have praised the “uniqueness” of the city and its "vibrant" atmosphere after the news that M&S was set to close drew a...

1 May 2024

Small shops have been more "agile" at fighting COVID sale slumps than chain stores, according to a new report.

29 Apr 2024

A Peterborough store stocking products solely from local entrepreneurs said it is bucking the High Street trend and looking to expand due to its success.

29 Apr 2024

BIRA is giving independent businesses across the UK a powerful new resource with the launch of its “High Street Matters” podcast.

29 Apr 2024

The Guardian has reported independent shopkeepers saying prices they pay at Tesco’s cash-and-carry arm Booker are often higher than in Tesco’s stores.

18 Apr 2024

Independent record stores around the country are preparing to celebrate all things vinyl for this year’s Record Store Day on Saturday April 20th. 

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UK economy could get £1.1 billion boost if 1 in 5 car journeys were taken by a shared e-scooter or e-bike

Posted on in Business News , Cycles News

Researchers from the Oxford University’s Oxford Strategy Group, a consultancy comprised of students at Oxford University, studied Dott’s London operations. Dott is one of three firms that runs rental e-scooters in the UK capital, and also offers e-bikes in a number of boroughs.

Grey e-bike

The research looked at the direct and indirect financial contribution of Dott’s services, and then calculated the potential economic gains if more people switched from cars to rental e-bikes or e-scooters.

At present, the study claims that Dott’s services contribute more than £3 million to the UK economy. If just 20% of London’s estimated two billion annual car trips were made by a rental e-bike or e-scooter, that number would jump to more than £1 billion.

So how exactly did researchers come up with that figure?

A substantial £672 million was attributed to savings from the reduction in congestion that would happen if fewer cars were on London’s roads. Londoners would also save an estimated 4.7 million hours of time by switching to more efficient travel, creating another £22 million.

Reduced pollution levels caused by having fewer cars on the road would then create health savings of around £371 million.

The remaining money would be created through throw wages, operators and spending on equipment that is required to run rental e-bike and e-scooter services.

Dott CEO Henri Moissinac said: “This new research shows how choosing sustainable transport can benefit the wider economy as well. To unlock this potential, policy makers should take steps to make it easier for more people to switch to environmentally friendly alternatives.”

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