Reading’s bike hire scheme, Readybike, will close this summer unless the council succeeds in procuring a new operator on subsidy-free terms.
Readybike was launched in 2014 and has about 200 bikes distributed across 29 docking stations. The scheme is operated by Hourbike, which receives an annual subsidy of about £130,000.
The council says it has received expressions of interest from two firms about operating the scheme subsidy-free. If a new operator cannot be found, the...
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