Ian Drake, chief executive of British Cycling, said: “On first reaction, British Cycling welcomes measures announced by the Chancellor in his Comprehensive Spending Review.
"The increase in budget support for sport at a time when public spending is under so much pressure is a clear recognition of the role sport plays in our national life and the contribution it makes to society.
“We also welcome the government’s desire to support a bid for the UCI Road World Championships. Following our letter of 15 June to the Prime Minister on the subject, government knows that the highest priority in our major events strategy is ensuring a participation legacy for the sport.
“That is to say – those inspired by cycling’s great events need somewhere safe to try cycle sport. We believe this process can inject £640m into the economy and create new closed road facilities and cycle sport hubs to serve millions of people across the country.
“We are ready to discuss this with ministers and as ever we will look to deliver the best possible result for cycling.
“Beyond cycling as an organised sport, British Cycling has long been clear that different government departments need to work together to deliver a healthier, happier, more active nation. In that spirit we welcome the £300m fund announced by the Chancellor for cycling initiatives.
“However, it is essential that this fund is additional to the vital investment required to make our roads and junctions safer for cycling, to be brought forward by the Department for Transport in its forthcoming Cycling and Walking Investment Strategy.
“Building on manifesto commitments, a cross-party consensus and support from both business and the public, the Chancellor has given the Department for Transport the clear direction to make strategic, cost-effective infrastructure investments. As ever we stand ready to help transport ministers deliver for cycling.
“We will analyse the spending review in more detail before commenting further.”