UKFT Publishes Comprehensive 2026 Report Highlighting £62 Billion Economic Impact Of The UK Fashion And Textile Industry
London, UK – May 2026 – The UK Fashion and Textile Association has published a new industry statistics report offering a crucial overview of key economic indicators for the sector.
Researched and written by Oxford Economics, the "UK Fashion & Textile Industry: Facts and Figures 2026" report evaluates the sector's performance across production, employment, trade, and retail, revealing a staggering £62 billion contribution to the UK economy.
The comprehensive report underscores the immense scale of the industry, which now accounts for the equivalent of £1 in every £34 of the nation's total gross value added contribution.
Furthermore, the sector supports 1.3 million jobs, equating to one in every 25 jobs in the country, and generates more than £23 billion in tax revenues.
From engineering next-generation sustainable fabrics used in space exploration to crafting heritage garments, the industry remains a cornerstone of the national economy and society.
Drawing on the latest annual data from the Office for National Statistics, the findings reflect an ongoing structural shift that demands forward-thinking strategies from industry leaders.
The report identifies a widening divide between textiles and apparel alongside an increasing geographic concentration.
While textile manufacturing and wholesale exhibit resilient activity, and retail clothing remains a highly stable segment, there are clear signs of a slowdown in apparel manufacturing.
These long-term structural shifts highlight a pressing need for proactive investment, innovative skills development, and a steadfast commitment to sustainable practices.
Adam Mansell, CEO of UKFT, stated, “This report highlights the vital contribution that the fashion and textile industry makes to the UK economy and society as a whole and its potential for future growth and positive impact.”
The executive summary and full report are currently available to UKFT members, providing the essential insights required to navigate an increasingly complex and environmentally conscious global market. Interested parties can obtain a copy or learn more about membership benefits by reaching out directly.
About UKFT
The UK Fashion & Textile Association (UKFT)is the largest network for fashion and textile companies in the UK.
We bring together designers, manufacturers, suppliers, agents and retailers to promote their businesses and our industry, both in the UK and throughout the world.
We are in a unique position representing the entire UK fashion and textile supply chain, from spinning, weaving and knitting, right through to the catwalk.
We are headquartered in London and we have staff working in Scotland, the East Midlands, Lancashire, Merseyside and Yorkshire.
Our President is HRH The Princess Royal.
