PARLIAMENTARY WRITTEN QUESTION
(6 February 2025)
Question Asked
To ask the Secretary of State for Business and Trade, whether his Department has made a recent assessment of the condition of the UK cycling industry.
Asked by:
Pippa Heylings (Liberal Democrat)
Asked by:
Pippa Heylings (Liberal Democrat)
Answer
No formal assessment has been completed; however, the Department has engaged with key industry brands on issues and will continue to do so moving forward. The industry has recently faced significant headwinds, impacting growth and profitability. Despite this, the industry is stabilising with some retailers reporting positive financial performance. There are signs of recovery and potential growth in key high-demand areas such as Road, Gravel, and Electric Mountain Bikes.
Answered by:
()
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.