ANOTHER dockless bike company has confirmed it is interested in setting up in Oxford.

YoBike joins the list of firms, including Chinese-based Ofo, in saying it wants to bring its business to the city.

The London-based company said it is running ‘a completely new style of shared-cycling programme’.

It stations bikes around a city – but riders can only hire bikes for 30 minutes at a time.

It follows the news reported in the Oxford Mail earlier this week that Oxfordshire County Council, Oxford City Council and other partners including the University of Oxford are planning to set up a code of conduct for the companies to adhere to when they set up here.

As part of the code, they would be required to pay the Oxford Living Wage of £8.45 per hour and ensure their bikes are of a high standard.

Councillor Suzanne Bartington, Oxfordshire County Council’s cycling champion, said of the code of conduct plan: “As part of the county council’s plan to reduce traffic congestion and improve air quality we are keen to encourage cycling across Oxfordshire.

“We believe that, if introduced in the right way, dockless bikes can provide a convenient travel option, encouraging more people to travel by bike cycle.

“We are committed to working with partner organisations including Oxford City Council and the University of Oxford to ensure dockless cycle operators are aware of our code of conduct for the benefit of all local residents and visitors.”