Daily Blog 08/22/2011
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Cycling generates £3bn a year for the UK economy – Sky Ride
A report commissioned by British Cycling and Sky has found that cycling generates nearly £3bn a year for the UK economy. Produced by the London School of Economics, the report quantifies for the first time the full economic success story of the UK’s cycling sector which generates £2.9 billion for the British economy – that’s £230 for every biking Briton in the country.
This ‘gross cycling contribution’ takes into account factors like bike manufacturing, cycle and accessory retail and cycle-related employment.