Industry Reports & Statistics

The UK fashion and textile industry contributes £62bn to the UK economy or the equivalent of £1 in every £34 of the UK’s total gross value added (GVA) contribution, according to a new report from UKFT and Oxford Economics.

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The sector supports 1.3 million jobs, which equates to 1 in every 25 jobs in the UK and raises more than £23bn in tax revenues or £1 in every £30 of HMRC’s tax receipts.

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The UK fashion and textile industry is one of the largest sectors in the country and its influence extends around the world.

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The industry produces everything from jeans, Savile Row suits and designer dresses through to medical masks, upholstered car seats and next-generation fabrics used in space. Hundreds or thousands of people co-operate with each other to bring an idea to life and into the hands of the final consumer.