Traffic congestion is costing Cardiff businesses approximately £9 million a year in lost productivity, according to research conducted by TomTom.
The TomTom Traffic Index has found traffic in the city increases the time each vehicle spends on the road by 115 hours a year – more than 14 working days. This could equate to a cost of £9,323,050 in time spent sitting in traffic for the 12,100 commercial vehicles operated in Cardiff. This is part of a wider problem across the UK, with the cost to businesses in the 25 most congested cities and towns standing at £767,937,250.
“Traffic congestion may be seen as a fact of life for every driver but, cumulatively, it is taking a heavy toll on the UK economy and this should not be accepted as an inevitability,” said Beverley Wise, Director UK & Ireland for TomTom Telematics.
“Making the most of billable time is key to profitability for any business, so organisations that rely heavily on a mobile workforce must look for ways to maximise the time employees spend actually doing jobs by minimising time spent on the road”
Commenting on the findings of TomTom’s Business Cost of Congestion report, Liz Maher, President of the South Wales Chamber of Commerce said:
“These findings emphasise the need for promised transport projects, such as the South Wales Metro and the M4 Relief Road to be delivered as soon as possible.
“As an SME business owner myself I see a direct impact on my business from increasing levels of traffic congestion. This report shown that my business is not alone. With the impact of congestion in Cardiff estimated at being over £9 million, and even higher at over £14 million in Swansea, we can see the overall impact on the South Wales economy. The businesses of South Wales can’t wait any longer for our transport network to be improved.
“While this report focuses on cities, congestion isn’t only a city-centric issue. Businesses across South Wales move in all directions around the region, and indeed the whole of the UK, to meet the needs of their clients and our members regularly raise congestion at pinch-points along the M4, in the Valleys and in West Wales as negative factor on their business.
“The solution needs to take a regional approach. Projects such as the M4 Relief Road will help ease congestion on our roads and the South Wales Metro will give business and individual travelers alternative ways of travelling.”