Barclay’s funding towards London’s Boris bikes has dropped by £1.5m a Freedom of Information request has revealed. 

Mayor Watch report:

Barclays has deducted more than £1.5m from its sponsorship of the capital’scycle hire scheme, a new Freedom of Information request has revealed.

The bank had promised up to £50m towards the loss-making £225m scheme, however poor performance has seen that sum reduced by £1.57m as of 31st January 2013.

The FOI response is the first time Transport for London has admitted to Barclays reducing the value of its sponsorship agreement.

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I am a journalist and author. I am a journalist at the UK edition of WIRED magazine. In 2015, my first book Freedom of Information: A Practical Guide for UK Journalists, was published. My second book Reed Hastings: Building Netflix, was published in March 2020. I created FOI Directory in 2012 and have maintained it in my spare time ever since.