Tony Orgee, cabinet member for community infrastructure, said the area would always be a "bottleneck", but described the addition of a new cycle lane as "a very positive step forward".

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In addition, the short-cycle businesses concentrated in the unit are more vulnerable to near-term contract delays and terminations as the government grapples with ways of reducing budget deficits.

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The Velodrome cycling track will be converted into VeloPark, which, with the addition of a mountain bike course and road-cycle circuit, will be open for community and club sports.

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In addition, we will likely see margin accretive mid-cycle refreshes in the 2013 second half.

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In addition to maneuvering our investment strategy based on where we are in the economic cycle, a large part of our success has been based on anticipating market events before they are generally recognized.

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Much of the detail had been outlined previously by Transport for London (TfL) - such as a grid of cycle routes and the junction review - although the really eye-catching addition is the east-to-west " Crossrail for bikes".

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