Economic Benefits of Cycling
As well as substantial environmental and health benefits, cycling brings substantial economic benefits both to the overall national economy, also directly to local communities. This page provides an overview of these benefits and the evidence supporting these claims.
Benefits to Town Centre Business
Traffic congested streets, with narrow pavements and the associated pollution don't encourage people to linger. The evidence that by design town centres to remove traffic and make them friendly for walkers and cyclists increases trade for local business.
Cyclists Spend 40% More In London's Shops Than Motorists
New research from Transport for London (TfL) claims that people walking, cycling and using public transport spend more than motorists in local shops. Conducted by Matthew Carmona from University College London’s Bartlett School of Planning, the research reveals that those not in cars spend 40% more each month in neighborhood shops than motorists.
Supported by the Evidence
Several studies have shown that, besides creating jobs, making cities more cycling-friendly has beneficial effects for e.g. the businesses of local retailers or for property value along traffic-calmed roads.
Source:Transportation Research Procedia Volume 14, 2016, Pages 2306-2313 "Economic Benefits of Increased Cycling"
Cyclists Spend More
Cyclists visit local shops more regularly, spending more than users of most other modes of transport
Per square metre, cycle parking delivers 5 times higher retail spend than the same area of car parking •
A compact town optimised for walking and cycling can have a “retail density” (spend per square metre) 2.5 times higher than a typical urban centre.
Source: Dept. Of Transport, University of Birmingham & Phil Jones Associates 'The Value of Cycling’
Cycling makes society richer
"Investing in cycling infrastructure is extremely profitable primarily due to the health benefit gains"
"Cycling infrastructure is an asset to society. The greatest gains are in the field of public health for example due to reduced sick leave."
Physical inactivity cost the nation £8.2bn and results in poor mental and physical health. By switching from their cars to Walking or Cycling for short journeys you can improve your fitness, with obvious benefits to you but you will also same the NHS and the wider economy Billions.