According to new research published this weekend, the national rollout of a lower speed limit in Wales could save considerable amounts for the Welsh economy.
In September 2023, the Welsh Government are set to introduce a default speed limit of 20 miles per hour on restricted roads. The research that has been published shows that a reduction in deaths and injuries thanks to the new lower speed limit can save around £100 million in the first year alone.
When asked, two-thirds of people involved in surveys said that they would support a speed limit of 20mph where they lived, with an agreement that everyone should slow down on the roads.
Lee Water, Deputy Minister for Climate Change, said:
“The evidence from around the world is very clear – reducing speed limits reduces collisions and saves lives.
“Slow speeds also create a safer and more welcoming environment, giving people the confidence to walk and cycle more, which will help to improve our health and wellbeing and help to improve the environment.
“This new research shows the saving in terms of reductions in people being hurt or killed but the benefits of 20mph stretch much further than casualty savings alone. The report suggests the lower speed limit will help encourage physical activity and in turn reduce obesity, stress and anxiety.
“As with any change we know it will take time for people to adapt. But I’m pleased to see the early indications show a majority of people are in favour of 20mph, and I am confident that if we all work together, we can make the necessary changes that will benefit us now and in the future.”
The figures indicate that more than 100 lives over a ten-year period can be saved, as well as avoiding 14,000 casualties in total.