Cycling worth £3bn a year to the UK economy

30th August 2011

Cycling contributes almost £3 billion to the UK economy shows a new report from LSE which also reveals that almost a quarter of the population are now cyclists.

The study quantifies for the first time the full economic success story of the UK’s cycling sector which generates £2.9 billion for the British economy, equating to a value of £230 for every biking Briton in the country.

208 million cycle journeys were made in 2010 meaning that there were 1.3 million more cyclists bringing the total UK cycle population to 13 million. The increasing levels of participation mean more money with new cyclists contributing £685 million to the UK economy.

Read the full report here