Cycle Industry News)
A bicycle business news site dipping into cycling advocacy – what’s that about, you ask? The industry has been called upon to turn advocate by numerous prominent stalwarts, so here’s our effort – a resource for active travel advocates to freely use in order to win over their local authority when it comes to providing safe cycling and more livable spaces.
And of course, at the time of writing, cycling for transport also presents the trade with its greatest scope for product development and, crucially, sales worldwide. The link between the creation of safe cycling infrastructure and increase in uptake is conclusive, so we tend to agree that everyone in the industry should take an interest in campaigning.
Return on investment
Key Fact: In Helsinki this report detailed a near eight fold return on investment on cycle infrastructure in the city, the highest return on investment among all transport forms. Each kilometre cycled is worth 1.22 Danish Kroner in Denmark, while motoring is costing around 0.69 Kroner per kilometre.
- Return on investment can be as high as 35:1, though averages between 5:1 and 19:1. That firmly makes it the best transport investment you can make, says this Department for Transport study.
- The European Cyclists Federation value cycling’s overall economic contribution at €1,000 a head across the 28 member states.
- Sport participation worth £44.75 billion in social return, says Sheffield Hallam Uni.
- Jobs related to cycling: Bicycle manufacturing creates 3 times more jobs that of car maker
- Sydney, Australia conducted a study that found that in adding 200 kilometres of cycling infrastructure to the city would yield a return of $500 million, or $3.88, for every dollar spent in wider benefits.
- House prices rise when in close proximity to low traffic volumes, as well as walkable and cycle-friendly infrastructure.
- Though it’s looking increasingly unlikely, if the Get Britain Cycling report’s recommendations were taken on board, CyclingUK estimates the economy could benefit to the tune of £248bn on the back of the knock on effects of increased cycling modal share.
- The benefits per person, per year if the Get Britain Cycling Report were adopted would amount to around £33 a head between 2015 and 2025.
- A report stemming from the NZ Transport Agency, is dedicated entirely to the economic case for investment in cycling.
- The UK’s cycle to work scheme has a 2:1 return on investment and that’s a conservative estimate…
- London boroughs with new cycle route access rise in Department for Transport modal share figures.
- Investment in bike lanes and bike share schemes shown to swell cyclist numbers
- Success of bike share can often hinge on safe cycling infrastructure
- Cycle tourism on the roads alone is said to be worth £106 million a year in economic benefit to Scotland
- U.S. Distributor QBP decreased health care costs by 4.4% in the first two years of offering cycling to work incentives, saving the business $200,000.
- Sustrans’ Bike Life study shows return on investmentRachel Aldred: Senior Lecturer in Transport at the University of Westminster