Cycling worth £3bn a year to UK economy, says LSE study

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femme nue vélo

Une particpante à l’événement annuel “London World Naked Bike Ride”, une manifestation en faveur des usagers du vélo à Londres © AFP PHOTO / Leon Neal

Report says industry employs 23,000 and generates £500m for the state annually, as manufacturers see sales rise by 28%

Cycling generates nearly £3bn a year for the UK economy, according to a report from the London School of Economics. The figure includes £51m in revenue for British manufacturers from the 3.7m cycles sold in 2010 – a rise of 28% on 2009.

The Guardian

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