Bicycles: Sales
The question
To ask the Secretary of State for Transport, whether she has made an estimate of the average economic benefit of buying a bicycle to (a) an individual and (b) society.
Answered by Simon Lightwood
The Department has not made an estimate of the economic value of buying a bicycle. A report by Transport for Quality of Life, titled ‘The UK cycle industry: current economic and employment benefits and its decarbonisation-driven growth potential’ published in 2023, suggests an annual economic benefit of £1,800 per cyclist.
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