Cycling contributes 3bn to UK economy says LSE
London School of Economics (LSE) report commissioned by Sky and British Cycling has found that:
- There has been an 11% increase in the number of British cyclists in 2010 – 1.3 million – bringing the total cycling population to 13 million. They are contributing £685 million to the economy.
- Cycling as a whole contributes almost £3 billion to the UK economy.
- Retail sales jumped 28% and 4. Employment in the sector added £500 million
- Healthier cyclists. Take one day less off sick saving £128 million
The Skyride programme aims to convert an additional 1 million to regular cycling adding £141M to the economy.