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21 Feb 2024

The latest quarterly State of the Industry survey from the National Hair & Beauty Federation (NHBF) shows that the recovery of the sector was slow and steady through 2023 and into January...

21 Feb 2024

The UK has voted for its favourite pun-based shop name, and 'Sew It Seams' - a clothing alteration store in Belfast - has been awarded the top spot. 

21 Feb 2024

Businesses in the Devon town of Ottery St Mary have praised their local council for initiatives designed to help support them and boost trade.

19 Feb 2024

A new ranking of the most popular independent coffee shops in the world has put three UK cafes in the top 10.

19 Feb 2024

Older people could be the financial shot in the arm needed for Britain’s high street, according to research commissioned by the University of Stirling. 

8 Feb 2024

The ACS (the Association of Convenience Stores) has celebrated the crucial role that rural shops play in thousands of communities across the UK in its 2024 Rural Shop Report.

8 Feb 2024

New research reveals that Apple Pay and contactless payments have overtaken cash payments by a landslide as our favourite ways to pay in-store.

5 Feb 2024

The Federation of Independent Retailers (the Fed) has expressed alarm at new figures that show shoplifting at its highest level in 20 years.

5 Feb 2024

A brand-new festival is being launched next month is “all about community and breathing life into the High Street”, according to Mark Kacary, managing director of The Norfolk Deli in...

5 Feb 2024

The retail sector has been responding to government plans to ban disposable vapes as part of plans to tackle the rise in youth vaping.

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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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