An increase in take-up of cycling in the UK means this form of transport brought in just under £3 billion to the green economy last year and could save Britain £278 million in traffic congestion and pollution costs by 2015, according to a report by the London School of Economics and Political Science (LSE).
The 'British Cycling Economy: Gross Cycling Product Report’, published last week, for the first time quantifies the full benefits cycling is having on the UK economy, including manufacturing, retail sales and employment. It finds almost a quarter of Britons are now getting on their bikes, equating to £230 spent by every cyclist in the country contributing to a total value of £2.9 billion to the UK green economy
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