More than 100 new jobs are to be created by a bicycle co-operative.

The Edinburgh Bicycle Co-operative said it will double the size of the business by 2017, with a new five-year development plan.

In 2011 the company sold 20,000 bikes from six stores and online, with a recorded turnover of £11.5m, and employed more than 160 staff.

It hopes to increase turnover to £20m by 2017, and increase staffing to nearly 300.

Managing director Jeremy Miles said: "The bicycle business is characterised by a handful of very large players at the volume end of the business with many excellent owner managed businesses servicing local markets.

"Edinburgh Bicycle Co-operative has a very distinct profile in the market where we focus on customer service and our brand personality.

"Underpinning the brand is the co-operative structure and values - it is a key asset that will drive our five year expansion."