London Fashion Week is just ending. In promoting this, the industry was keen to point out how large and important it is to the UK economy. Bigger even than the motor industry in terms of numbers of people employed. The direct value of the UK fashion industry to the UK economy is £21 billion, whilst fashion’s wider contribution to the economy in influencing spending in other industries is estimated to stand at over £37 billion . The industry
- supports 816,000 jobs and is the largest employer of all the creative industries. It also claims to provide opportunities for minority groups to a greater extent than most other creative industries
LFW is a big event. Over five days there were 58 catwalk shows and 15 presentations. 120 ready-to-wear and accessory designers exhibited in The Designer Showrooms. There were 5,000 attendees, with buyers from more than 50 countries generating in excess of £100 million in orders. Most of the world’s press were represented.
Source: British Fashion Council press release