Tripling Bicycle Use Would Pump $6.5 Billion Into London’s Economy Each Year, Says Report – Forbes
Carlton Reid Nov 23, 2021
A report by an academic research company estimates that tripling bicycle use in cash-strapped London by 2030 would save lives, create jobs and result in an annual economic dividend of $6.5 billion. And that’s on top of cleaner air and less congested streets
Commissioned by industry organization the Bicycle Association, the report by Wales-based Transport for the Quality of Life states that cycling in the capital could be helped to grow from a current 2% of all journeys to 14% within eight years. Transport cycling in the London borough of Hackney is already on a so-called modal share of 9%.
Commissioned by industry organization the Bicycle Association, the report by Wales-based Transport for the Quality of Life states that cycling in the capital could be helped to grow from a current 2% of all journeys to 14% within eight years. Transport cycling in the London borough of Hackney is already on a so-called modal share of 9%.
However, any growth is partly reliant on more support from the Greater London Authority’s Transport for London (TfL) and London Mayor Sadiq Khan, said the Bicycle Association’s report.
