Equity & Loans

Grand Scheme Set for Oxford Launch

A Grand Scheme is to behold as two Newcastle based entrepreneurs take BYKER™ to Oxford.

Jack Payne (left) and Robert Grisdale (right) of Grand Scheme Bike Share

Grand Scheme Bike Share are going from strength to strength having won their third contract to supply the revolutionary bike share system, BYKER™ to Oxford city centre.

BYKER™ is a revolutionary bike hire system that is quicker and cheaper to install than other systems. On-bike features include GPS tracking, solar charging and anti-theft devices. The BYKER™ system costs around £1,500 per bike, compared with the cost of traditional schemes of up to £4,000.

CEO and co-founder Rob Grisdale said: “We’ve turned the traditional hire system on its head. By providing intelligent bikes with no heavy infrastructure docking stations, we’re able to offer a very efficient and affordable solution that is extremely flexible for both users and operators. Users can ride to the shop and lock the bike up outside while they buy a newspaper and stations can be moved around easily to meet demand.”

BYKER™ is touted as being quicker and cheaper to install than the complex systems that require large amounts of street furniture deployed in cities like London. The technology integrates with any style of bike, according to Grand Scheme.

“Being selected as the provider of the scheme in Oxford is another step forward for the company and adds to the two other schemes that we are set to deliver in Sunderland and Galway, Ireland, later this year, powered by BYKER™’’ adds Rob.  

The Oxford scheme is set to launch in April and includes 30 bikes linking the park and ride facility in Headington, a suburb to the west of Oxford, to key employment sites including hospitals and both universities. Rodney Rose, Oxfordshire County Council’s Deputy Leader, commented  “Cycling is a great option for getting to work and I hope the bicycles prove to be really popular with Headington commuters. We’re very pleased to be working with Grand Scheme to launch the scheme next year.’’

Grand Scheme received investment from the Finance for Business North East Angel Fund, managed by Rivers Capital Partners, to design and develop the BYKER™ system in late 2011.

Jonathan Gold, director of Rivers Capital Partners, said: “We are impressed with the progress of the company. They have taken the product through from an idea, to final design, to market and sales. Winning a contract with such a city as Oxford raises the company’s profile and further highlights the need for low cost and easy to install bike locking mechanisms that Grand Scheme’s provide’’    

Jack Payne, co-founder and director of Grand Scheme states, “Our aim is to make it much easier, cheaper and quicker for anyone to set up a bike scheme on any scale from a single station for an office or hotel, to a full city-wide scheme. We’re really excited to have been chosen for the Oxford scheme and can not wait to get the bikes up and running.’’