Bus Services Boost UK Economy by £50 Billion Annually
A new report by the Confederation of Passenger Transport UK (CPT) reveals the immense economic impact of local bus services in the UK. The East Midlands Combined County Authority, for instance, sees a staggering £1.8 billion boost from its bus networks.
On average, bus passengers in the UK spend £32 per return journey in local shops, cafes, restaurants, and leisure facilities. This contributes a whopping £39.1 billion to local economies annually. Furthermore, bus passengers contribute almost £40 billion to local economies by spending £1 in every £10 on the High Street.
Bus operators directly employ 105,000 people and support a further 53,000 jobs in the supply chain, contributing £11 billion to the British economy. Bus commuters also earn £72 billion through jobs accessed via bus commutes and pay £15 billion in taxes. Additionally, buses provide access to jobs, education, and training worth £8.7 billion, health benefits worth £2.8 billion, support for volunteer work valued at over £1 billion, and reduce congestion worth £600 million per year.
The CiTTi Awards, scheduled for 26 November 2024 in London, will celebrate achievements and innovations in sustainable public transport planning. The CPT's research underscores the critical role of local bus services in driving economic growth and supporting communities. The East Midlands' £1.8 billion economic impact is a testament to this.
