With the revival of textile sector in UK, nearly 15,000 jobs could be created in the UK textile and apparel sector by 2020. Last year 5,000 new jobs were created in textile manufacturing in the UK.
Post-recession growth is coming from micro companies rather than well known manufacturers in the UK textile industry. Significant capabilities still exist in traditional sectors such as yarn spinning, knitting and weaving alongside growth in technical textiles, materials and composites.
Increasing costs from competing countries are making UK sourcing more attractive and traditional areas of manufacturing are focused around high unemployment pockets. A number of retailers are supporting repatriation of textile manufacturing to the UK. From princesses' wedding dress to F1 cars, planes and space crafts, UK textile manufacturing is still leading the world in many segments.
Of particular note is the success of the National N Brown Textiles Growth Program, the first ever textile grant growth program in British history, led by N Brown Group, a UK apparel retailer. Launched in 2013, as an incentive scheme, the program has to date invested £1million in grants to 94 companies thereby leveraging an additional £30 million of private sector investment. The UK textile industry is worth £9 billion to the economy and is experiencing year-on-year export and domestic growth.
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