The economic benefits of local cycling investment: Greater London case study
The Bicycle Association commissioned Transport for Quality of Life to estimate the economic benefits of local cycling investment in Greater London.
The analysis showed that the wider benefits of cycling, combined with the direct value of cycling products and services and estimates of cycle tourism, contribute around £1.3-£1.4 billion per year to the London economy in 2020, and around 6,000-8,000 jobs. A six-fold increase in cycling in London by 2030 to meet carbon targets, could make the total economic benefits from cycling around £4.8 billion in 2030 and create over 25,000 additional cycling related jobs.
Hopkinson L (2021) The economic benefits of local cycling investment: Greater London case study. Report for the Bicycle Association, October 2021