Cycling is a good investment

Cycling is a good investment, say official reports

On the same day as it published its draft Cycling Delivery Plan consultation report, the DfT released two other documents designed to persuade local authorities of the economic sense of investing in cycling and walking:

This report summarises current UK evidence to quantify the impact of investment in cycling and walking schemes, found to yield an average benefit-to-cost ratio (BCR) of around 6:1. It also includes a step-by-step illustration, based on a hypothetical example that practitioners can follow to help them make a persuasive economic case for investing in cycling or walking.

The Government’s Local Sustainable Transport Fund (LSTF, England) has been awarding money to local authorities for sustainable travel projects since 2011. Now closed, the fund has supported 96 packages in 77 authorities, a good number of which focused on cycling. According to this report, the LSTF is helping to create employment, potentially between 4,700 and 6,150 jobs per year.

Source: CTC

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s