New Report Highlights £11bn Economic Impact of UK Bus Services
A new report by the Confederation of Passenger Transport UK (CPT) reveals the immense economic impact of local bus services in the UK. The findings highlight the crucial role buses play in supporting jobs in the UK, local economies, and public services.
Buses generate a staggering £1.8bn in the East Midlands alone, demonstrating their significant economic influence in the region. Nationally, bus operators directly employ 105,000 people and support another 53,000 jobs in the supply chain, contributing a combined £11bn to the British economy.
Bus commuters further boost the economy by earning £72bn through jobs accessed via bus commutes and paying £15bn in taxes. Additionally, bus passengers spend £1 in every £10 on the High Street, contributing almost £40bn to local economies annually. This spending includes an average of £32 per return journey in local shops, cafes, restaurants, and leisure facilities, amounting to £39.1bn per year.
Buses also provide access to jobs, education, and training worth £8.7bn, health benefits worth £2.8bn, and support for volunteer work valued at over £1bn. Moreover, they help reduce congestion, saving £600m per year.
The CPT's research underscores the vital role of bus services in driving economic growth, supporting jobs in the UK, and enhancing communities. As the UK continues to recover from the pandemic, investing in and improving bus services could play a pivotal role in boosting local economies and promoting sustainable transport.
