• Santander announces the renewal of its sponsorship of London’s cycle hire scheme until 2032.
• Santander and Transport for London (TfL) have been working in partnership since 2015 to keep active travel in London accessible to all through Santander Cycles.
• Banco Santander’s Executive Chair, Ana Botin, and Santander UK CEO, Mike Regnier, join the Mayor of London, Sadiq Khan, TfL’s Customer Director, Emma Strain, and London’s Walking and Cycling Commissioner, Will Norman, on the Southbank in London on Wednesday afternoon to mark the occasion.
• London’s cycle hire scheme continues to thrive, 6.1 million hires in 2025 so far, a 3 per cent increase on this time last year.
Santander has today (25 September 2025) announced the renewal of its sponsorship of London’s cycle hire scheme for another seven years – from September 2025 to 2032 - continuing the long-running success of the bank’s partnership with Transport for London (TfL). Banco Santander’s Executive Chair, Ana Botin, and Santander’s UK CEO, Mike Regnier, were joined by the Mayor of London, Sadiq Khan, London’s Walking and Cycling Commissioner, Will Norman, and TfL’s Customer Director, Emma Strain, yesterday afternoon at the iconic Southbank in central London to honour the occasion.
The renewal marks the beginning of a multimillion-pound investment into the scheme, which will see improvements to the fleet, on-street infrastructure, and a new and improved Santander Cycles app, making it quicker and easier for customers to hire bikes.
Over the past 10 years, TfL and Santander have worked together to invest in the cycle hire scheme and improve its offering to Londoners. The scheme now has more than 2,000 highly popular e-bikes, as well as a fleet of 10,000 classic bikes and over 800 docking stations across central and inner London. More than 2.8 million hires have been made on the fleet of e-bikes since they were introduced in 2022, and over 106 million hires have been made across all bikes since Santander's sponsorship of the scheme started in 2015.
With further investment in the pipeline, thousands more people will be able to benefit from the accessibility and health benefits that Santander Cycles provides. New cycle docking stations will be installed in Agar Grove in Camden, at Brockwell Lido in Brixton, in City Island and in Hackney. Future plans include creating new docking stations on Harrow Road in Westminster and Queen Street in the City of London. This will ensure the scheme continues to grow in the years to come and both Londoners, and those visiting the capital, will be able to explore the city in a sustainable and affordable way. So far in 2025, more than 6.1 million hires have taken place, a 3 per cent increase on the same time last year.
Ana Botin, Executive Chair, Banco Santander, said: “I am delighted to announce the renewal of the Santander Cycles scheme for another seven years. Santander Cycles is a catalyst for growth and connectivity across London, contributing more than £2.6m to the UK economy in last year alone. We feel extremely proud of the positive impact the scheme has had in helping people and businesses in London to prosper and look forward to continuing our partnership with TfL.”
Sadiq Khan, Mayor of London, adds: “Santander Cycles continues to go from strength to strength in 2025, with record-breaking usage and growing popularity across London. So far this year, more than 6.1 million hires have taken place, and ridership continues to increase again this year. The growing popularity shows the success of the scheme as an integral part to London's green and healthy future.”
Emma Strain, Customer Director, Transport for London, said: “Santander Cycles is a vital part of London's transport system, so we are thrilled to be continuing our work with Santander following their renewal of the scheme’s sponsorship. We are looking forward to working with them to make the iconic cycle hire scheme even better over the coming years, to ensure that even more Londoners and visitors can discover all the benefits that cycling has to offer.”
For more information about the scheme, visit www.santandercycles.co.uk (terms and conditions apply).
For regular updates, follow @SantanderCycles on X using #SantanderCycles.
To find your nearest Santander Cycles docking station, visit www.tfl.gov.uk/santandercycles.
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Notes to Editors
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. The bank serves its customers via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.
Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. In the first half of 2025, Banco Santander had €1.3 trillion in total funds, 176 million customers, 7,700 branches and 204,000 employees.
Santander Cycles is London's public bike hire scheme, operated by Transport for London (TfL) in partnership with Santander UK. It's powered London since July 2010, providing an affordable, convenient, and sustainable way to travel around the city. With 10,000 pedal bikes and 2,000 e-bikes across over 800 docking stations, we cover more than 100 square kilometres of London. We're also one of the cheapest ways to get around the city - our day passes offer unlimited 60-minute rides for just £3.50 and 30-minute e-bike rides for £3. Santander Cycles plays a vital role in enhancing London's transport infrastructure, supporting the Mayor’s transport strategy, which aims to have 80% of all trips in London made on foot, by cycle or by public transport by 2041. We're proud to help millions of Londoners and London visitors a year explore the city, whether getting from A to B or looking for hidden gems. Download the Santander Cycles app from the app store or google play or visit https://tfl.gov.uk/modes/cycling/santander-cycles.
Transport for London (TfL) is the integrated transport authority responsible for delivering London’s transport strategy and managing the city’s public transport network. From buses and the Tube to walking and cycling initiatives like Santander Cycles, TfL works to keep London moving sustainably, safely, and efficiently. Through innovation and investment, TfL is committed to making travel in London more accessible and environmentally friendly for everyone.