Investing in cycling and bike-friendly infrastructure can deliver significant economic advantages that benefit entire communities.
The economic impact of cycling
Cycling delivers far-reaching economic benefits, with countries worldwide reaping the rewards of increased bike use. In Copenhagen, every mile cycled generates approximately 41 cents in social benefits for the community, while each mile driven imposes a societal cost of around 24 cents.
The Queensland Government in Australia has also highlighted the economic value of cycling. An average round-trip urban bicycle commute is estimated to generate $14.30 in economic benefits, compared to $8.48 for pedestrian commutes. These benefits include:
- Reduced congestion: 20.7 cents per kilometre walked or cycled.
- Direct health improvements: Up to $1.68 per kilometre.
- Savings on vehicle operating costs: 35 cents per kilometre.
- Reduced road and parking infrastructure costs: 6.8 cents per kilometre.
- Environmental benefits: 5.9 cents per kilometre.
Infrastructure benefits
Additionally, investment in bike infrastructure yields impressive returns. A recent report by the Queensland Government revealed that every $1 spent on cycling infrastructure delivers a $5 return, largely attributed to enhanced physical health and decreased traffic congestion.
Cycling isn’t just good for individuals—it’s a boon for entire communities. By prioritising cycling infrastructure, societies can unlock these substantial economic advantages while fostering healthier, greener environments.
However with the lack of active transport funding in NSW, our state is not getting the full potential of economic returns from bicycles.
Bike riders support local economies
All around the world, city streets are being redesigned to make them safer for walking and cycling and in return the local economy booms.
In London, bike riders and pedestrians are 40% more likely to spend money in local shops than car drivers. Instead of everyone getting in the car and heading to the local shopping centre, bike riders would stop by their local shops instead.
By redesigned streetscapes, Bromley in London saw a 93% increase in people walking and 216% increase in activity to shops and cafés. In Barracks Row, Washington DC there were 44 new businesses and 200 new jobs after making the streets safer for active transport.
In Toronto, people spent more than $100 extra a month in local shops after the cycleway went in.
Join the movement today
We encourage everyone to start riding today to enjoy all the mental, physical and economic benefits of bike riding.
Discover the transformative power of cycling! Explore how investing in bike riding and infrastructure not only promotes a healthier, greener lifestyle but also delivers significant economic benefits for entire communities. Join the movement today and help create a sustainable future—support bike-friendly policies and initiatives in your area!
Ready to make a difference? Become a Member of Bicycle NSW here!
