Economic Value of ITS Study

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

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 as the Government seeks to kick-start economic growth in the UK.

Assessing the Size of the ITS sector

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. The study will seek to determine the economic impact of the industry, including induced impacts, showing how investment in ITS supports growth across the country.

1. Defining the ITS Sector

Defining the sector is the first challenge in the project, because ITS activities are multidisciplinary and intersectoral. ITS activities have been included in official statistics across a number of sectors, such as telecommunications, transportation, software development and vehicle manufacturing. The Economic Value of ITS Study will agree a definition to understand the scope of operations across the industry.

2. The benefits of ITS

The benefits of ITS will be developed through a comprehensive literature review, covering categories like economic performance and efficiency, environmental sustainability and safety and risk management. This will help show the benefits beyond the economic value.

3. The economic contribution of ITS

Capital Economics will use standard economic techniques based on a range of official statistics to model the direct, indirect and induced effects of the operations of ITS UK businesses. These will translate into quantitative estimates of the number of jobs, economic activity (gross value added) and tax revenue directly and indirectly supported by ITS businesses’.

Fill in the survey

ITS UK is asking all in the sector to fill in the survey below, and to send it back Ippolito Tarabini at Capital Economics, at ippolito.tarabini@capitaleconomics.com by 31 July.

Even if you cannot provide all the requested information, we strongly encourage you to complete as much of the survey as possible. Partial responses or best estimates are far more valuable than no response at all. The more data Capital Economics receives, the stronger and more accurate the findings will be.

You will need to download the survey before you can edit it. Please click the link below, go to file in the top left column and select ‘Download’ as Microsoft Excel.

Download the survey