Investment should rise from an estimated £2 per person to £10 per person in the next six years, according to the Transport Select Committee.
A “cultural change” is also needed to improve relations between drivers and cyclists, the committee has concluded.
But ministers said cycling investment was already increasing significantly.
At the end of an inquiry on how roads could be made safer for those on bicycles, the committee said cyclists had complained of aggressive driving, poorly-designed junctions and a failure to enforce speed limits.
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