ITS UK is launching a new economic study to understand the size and impact of the intelligent transport sector in the UK.

The new project will look to understand the economic value and benefits of the transport technology sector, and is looking for ITS UK members to support the project through a dedicated Advisory Group.

ITS UK has commissioned Capital Economics, a world-leading provider of independent macro-economic research, to carry out a study into the economic contribution of the intelligent transport sector, with the aim of understanding the sector’s total economic value (GVA), employment and tax revenue.

In what will be a critical study for the industry, the new research will be used to support ITS UK’s advocacy work by providing concrete figures to engage and inform decision makers, particularly as the Government embarks on the second phase of its Spending Review.

ITS is clearly a vital industry for the country. It provides seamless travel for millions, supports the decarbonisation of the network, improves safety for those using the transport system and improves efficiency. Yet, when it comes to understanding the economic impact of the sector, there are limited figures on how ITS contributes to economic growth, jobs and tax revenue.

This Study will support ITS UK in its advocacy to decision makers, particularly helping make the case for the industry ahead of the Government’s Spending Review II.

To find out more or to support the initiative, click HERE.