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The Value of UK Fashion

Published on:
September 1, 2010

The Value of the UK Fashion Industry Report, commissioned by the British Fashion Council, defines the industry and analyses the true breadth and economic value of the UK fashion industry for the first time.

The industry’s direct economic contribution to UK GDP was collated by analysing the industry’s profits and wages (known as gross value added (GVA)) across a wide range of fashion products and items – including womenswear and menswear through to handbags and shoes  – plus the contribution of fashion education, fashion marketing and fashion media.

The report also highlights the pivotal role of cutting-edge British design, and showcasing events such as London Fashion Week, in driving innovation and growth within the industry itself, as well as attracting millions of visitors from across the globe to the UK every year.