The UK cycle industry: current economic and employment benefits and its decarbonisation-driven growth potential
The Bicycle Association commissioned Transport for Quality of Life to update its 2018 study on the economic benefits of local cycling investment in the UK.
The analysis showed that cycling and the cycle industry in the UK in 2019 provided an estimated £7.5 billion in economic value per year, equivalent to around £1,800 per year for each adult cyclist, and supports around 64,000 – 69,000 green jobs. The report estimates that a nearly five-fold increase in cycling trips across the UK could make a significant contribution towards achieving the UK’s carbon targets and will bring a green economic dividend of the order of £75-149 billion per year and between 81,000 and 130,000 additional jobs by 2030.
Hopkinson L (2023) The UK cycle industry: current economic and employment benefits and its decarbonisation-driven growth potential. Report for the Bicycle Association, March 2023.