A BID is to be submitted by Croydon Council for a share of a £100 million pot aimed at improving the lot of cyclists.
The bidding process was launched by the Mayor of London Boris Johnson and Transport for London (TfL) on Wednesday, with the intention of eventually sharing the cycling cash between four outer London boroughs.
Councillor Jason Perry, cabinet member for planning regeneration and transport, said: "We are in the process of preparing a bid.
"The opportunity to improve cycling routes ties in very neatly with the proposals for the redevelopment of the town centre and the new residential projects being put together.
"I would have thought with this level of planned redevelopment we would be in a good position to get a sum of money from the fund."
He said the council had been committed to improving facilities for cyclists for some time.
It has opened up a number of new routes across the borough including links from the town centre to Wandle Park in Waddon and Park Hill recreation ground in East Croydon.
One new project which could be looked at, Cllr Perry said, was a link between the town centre and Lloyd Park, in South Croydon.
Boris Johnson, has also outlined other schemes which he believes chosen boroughs could implement. These include redesigning problem junctions used by cyclists; provision of good cycle routes from the town and district centres to other parts of the borough, paralleling all main travel routes; and new cycle and pedestrian bridges across major roads or railway lines.
Croydon has until June 21 to submit its outline proposals and ideas.
Winning bidders will be announced in the autumn.
