£10m cycling investment

The Department for Transport has announced funding for Cycling Demonstration Towns (Blackpool, Cambridge, Colchester, Chester, Leighton-Linslade, Shrewsbury, Southend, Southport, Stoke-on-Trent, Woking and York), a demonstration project in the Peak District National Park, and some extra funding for Sustrans to install cycle parking and cycling links to schools.

I don't think this is new money, it's just putting flesh on funding that has already been announced. That's not a reason for knocking it though.

The nearest projects to us seem to be links to the Basingstoke canal in Woking.

They've also produced a guide to best practice for local authorities, which claims that walking and cycling schemes can deliver cost/benefit ratios ranging from 18.5 to 38.4 (for every pound spent the benefits can be worth £18.50 to £38.40).

There is a lot of information on the DfT web site, and I haven't read it all yet: the press release, an assessment of the first wave of cycling towns, and the guide for local authorities.