22 Aug '11, 12pm

LSE: Cyclists boost British economy by £2.9bn

The economic boost provided by green goods and services was again underlined today with the publication of a report from the London School of Economics (LSE) revealing that the recent boom in the number of people cycling is worth around £3bn to the national economy. The report, which was commissioned by broadcaster Sky and British Cycling, attempted to calculate the "gross cycling product" of cyclists by assessing their overall economic impact through sales of bikes and equipment, and employment across the sector. FURTHER READING Rail fare hike "a national scandal", say green groups Speaker line up confirmed for first Green Business Checklist lecture It also analysed the wider economic benefits that result from cycling in terms of reduced road congestion, improved health and better air quality, concluding that in total the cycling sector generates £2.9bn for the British ec...

Full article: http://www.businessgreen.com/bg/news/2103448/lse-cyclists...

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