Five reasons why cycling to work is good business, and how your company can benefit

A cycling workforce is great news for businesses and employees

This article appears in partnership with Transport for London

Cycling in London is undergoing a real boom. The number of cyclists on the roads is at its highest since official records began in 2000, and rose by over 10% in 2014.

Bikes currently make up 16% of all traffic in London, though that figure rises to 50% of traffic on some routes at peak times, according to TfL.

Over 160 London businesses pledged their support to the two new segregated Cycle Superhighways currently under construction, including established firms such as RBS, Microsoft and Unilever.

This isn’t just because they believe it is a savvy PR move. The benefits to companies of having more employees cycling to work are tangible. More and more companies are moving to help accommodate the growing number of cyclists.

Bow Arts Trust Gallery Director Rosamund Murdoch said: “Having a safe, dry and secure place to store my bike means I am more likely to use my bike to get to and from meetings. This saves me time and leaves me energised for the meetings.”

Having a cycling workforce is great news for businesses and employees. Here’s why:

1. More productive

Employees who cycle to work are fitter, happier and more alert than those who have a less active commute.

Cyclists are also a healthier bunch, with research by Sustrans suggesting they take 50% fewer sick days a year. This represents a significant benefit to companies. In the UK, absenteeism costs UK businesses a staggering £32bn a year, according to research by PwC.

2. Reduced travel costs

Businesses can make substantial savings on their expenses bill by encouraging cycling. Employees taking fewer taxis, trains and tubes for meetings and business activities across London can save businesses hundreds of pounds a month.

3. Staff retention

Want to keep your best employees? Studies by Sustrans indicate that implementing a workplace active travel programme can help reduce employee turnover by up to 13%.

4. It’s cheaper

After walking, cycling is the cheapest means of transport in London. After buying a bike, cycling is practically free! Meanwhile the average cost of running a car is about £1,758 a year.

5. It’s good for London

And finally, the more cyclists there are, the more space they free up. This means fewer cars and fewer commuters on the Tube or trains.

Congestion costs the UK economy a whopping £10bn a year, and more than half of that is in London, where congestion cost an estimated £5.3bn in 2013 alone.

Gridlocked streets are bad for attracting investment in London, and they don’t make it a nice place to live or to work.

To keep London among the world’s leading cities, we should support and encourage cycling.

Take advantage

If you have five or more employees you could benefit from a range of free support and services to promote cycling in your workplace. 

Through its Cycling Workplaces scheme, TfL will provide businesses with free cycle stands, cycle safety checks, bike marking, cycle safety seminars and personal cycle sessions for your staff.

Visit tfl.gov.uk/cyclingworkplaces for more information and use Invite Code LLB2 to register.

“The new cycle stands provided by TfL perfectly complement our Cycle to Work Scheme and our ISO 14001 status. Our regular cyclists are very happy with the new, safer facilities and I would definitely recommend other employers to put cycle stands in for their staff.”

Kate Hase, practice manager, David Morley Architects

This article appears in partnership with Transport for London

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