Gores Group, with £2.3bn of assets under management, backs Crossrail for bikes

The Gores Group is a private equity group goresfocused on acquiring and partnering with businesses that can benefit from their operational expertise and capital base. The team acquire and operate businesses across a diverse range of industries and have over £2.3bn of assets under their management.

Fernando Goni, Managing director at Gores Group explained why the team, who have been based in London for 10 years, backs ‘Crossrail for bikes’:

‘Like many businesses in London, a growing number of our employees cycle to work. An even larger proportion of our team would cycle to the office if they felt comfortable and safe on the roads.

‘We value their safety and we want to promote active lifestyles for all our employees. We support their freedom to choose how they get to work. We also note strong evidence that more cycling increases spending in local retail businesses and lowers air pollution levels.

‘The proposed north–south and east–west routes will help us attract and retain the employees our business needs to continue to thrive. They will also make London a more attractive city in which to build and run our business.

‘Crossrail for Bikes’ is, on balance, great for our business and for London.  Please make sure these plans are delivered, without delay.’

Fernandon Goni

Fernando Goni, Managing Director

The Gores Group