A lack of cycle parking is a known barrier to promoting the uptake of cycling in urban areas. Unlike cars that can be parked on the roadside with little additional infrastructure, bikes usually require dedicated parking facilities. The existing research and guidance on where cycle parking should be provided primarily focuses on key destinations such as train stations or schools. Thus, there is a gap in knowledge about the amount of general-purpose cycle parking required and how it should be distributed across a city. This paper presents a novel method for analysing and prioritising the spatial distribution of cycle parking. The method draws on established portfolio management techniques but applies them in a spatial context. Using the case study of London, we demonstrate that it is possible to identify areas that have a deficit of cycle parking as well as locations that have the most significant potential for increasing cycling uptake by providing additional cycle parking.