The Department for Transport have published a new study examining the various different benefits that cycling can provide.
The review found that existing methods of appraisal do not incorporate the full extent of economic benefits associated with cycling. The review found these potential benefits:
- economic growth can result from high density, cycle friendly urban design
- reduced infrastructure maintenance costs
- cycle parking allows 5 times more retail spend than the same space for car parking
- cycle friendly neighbourhoods can have greater retail spend
The study can be found here