Cycle to work generates at least £72 million in economic benefits

15 Jun 2016

The cycle to work scheme generates at least £72 million in economic benefits for the UK economy and employers through improved physical fitness and associated health benefits, according to a new study. This amounts to more than twice the estimated cost to the Treasury in lost tax and National Insurance. In addition there are likely to be further environmental benefits.

The research, conducted by the Institute for Employment Studies (IES), concludes that the cycle to work scheme is economically and socially beneficial and if combined with infrastructure improvements, will continue to play an important role in increasing the levels of cycling in the UK.

Read the full study here