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" Gross Cycling Product’ Report "

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  1. chdot
    Admin

    "
    We believe this is the first-ever attempt to chart the full extent of cycling’s contribution to the British economy. Previous studies have focused on particular sectors such as the bicycle retail trade, but never before has a study been conducted into the true. ‘Gross Cycling Product’ (GCP) of UK plc – from bike sales to improved health.

    The GCP report was conceived by Sky and British Cycling and has been made a reality through the London School of Economics. We commissioned the report, to act as a stake in the ground, a demonstration of where cycling is right now in the UK, and where it has the potential to go with the right support, delivering benefits that all of us can enjoy.

    "

    http://corporate.sky.com/documents/pdf/press_releases/2011/the_british_cycling_economy

    Posted 12 years ago #

  2. wee folding bike
    Member

    I thought it meant a gross product like sardines.

    Posted 12 years ago #

  3. Arellcat
    Moderator

    I always thought energy gels were pretty gross.

    Posted 12 years ago #

  4. wee folding bike
    Member

    Never tried a gel but sardines are super gross. They still have heads.

    Posted 12 years ago #

  5. chdot
    Admin

    Back on topic -


    Cycling is good for the economy

    Posted 12 years ago #

  6. Instography
    Member

    £2.9b is peanuts.

    Posted 12 years ago #

  7. cc
    Member

    Going by the diagram, they haven't taken into account the social & commercial improvements which more cycling & less driving can make in an area. Possibly a bit difficult to quantify that though...

    peanuts

    I don't know, £48 a person including all those who don't cycle.

    Posted 12 years ago #

  8. Charterhall
    Member

    Compare to the £160b spent on welfare. Like Inst says, peanuts.

    Posted 12 years ago #

  9. steveo
    Member

    How does this compare to the Motoring Economy? I'd bet less than favourably in purely cash terms.

    Posted 12 years ago #

  10. Baldcyclist
    Member

    "
    How does this compare to the Motoring Economy? I'd bet less than favourably in purely cash terms
    "

    According to this govt website (http://www.ukti.gov.uk/export/sectors/advancedengineering/automotive.html), fairly well if the £11bn figure is to be believed. More likely the £2.9bn is massively over estimated, or isn't measuring even close to the same thing.

    Posted 12 years ago #

  11. Morningsider
    Member

    The total figure is nonsense - of the £1.62bn in bike sales only £51m were British made, and even that is probably an overestimate of the value of "British" bikes to the economy given the use of foreign produced components. The same goes for spares/components. The amount of money staying in the UK from bike and component sales will be far less than the amounts quoted, with the vast majority going to the overseas manufacturers.

    Also, pet hate of mine - it isn't "welfare", it's "Social Security". This change in the language suits the current UK Government's attempts to portray benefit recipients as receiving Government/taxpayer largess rather than payments they are legally entitled to, and have probably paid for many times over during their working lives (pensions being by far the largest part of the social security budget).

    Posted 12 years ago #

  12. Instography
    Member

    I blame twitter. Welfare is only 7 characters compared with 15 needed for social security. LOL.

    Posted 12 years ago #

  13. wee folding bike
    Member

    Does nobody buy spares or does that come under accessories?

    Lost the wee flap from a Brompton back mudguard last night or this morning. I think there is an old one in the garage from a broken mudguard so no gross product there.

    Posted 12 years ago #

  14. Kim
    Member

    So this report which claims to "attempt to chart the full extent of cycling’s contribution to the British economy", misses out the well known health and productivity benefits from people cycling to work...

    Posted 12 years ago #

  15. cc
    Member

    Where the bikes are made is surely not that crucial.
    Second hand bike shops are a great contribution to the economy - they provide employment for the people that work there and own them and they provide lovely cheap transport (to work, to the shops, to cafes, etc.) for the customers.

    Posted 12 years ago #

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