City backs push to revive Britain's clothing industry
Thursday 01 November 2012
A new report claims UK clothing manufacturing is again commercially viable and calls on the UK's retailers to reduce the amount imported from abroad.
Currently £17bn of apparel is imported into the UK, while just £7bn is exported, but a group of manufacturers supported by three City livery companies, hopes to reverse this.
The costs of producing goods in China is increasing and the report, to be unveiled tomorrow, has found it is becoming more cost efficient to source closer to home.
The report, called Product Cost Comparison and commissioned by Lord Alliance and compiled by University of Manchester, will be revealed at a gathering of 250 top retailers and manufacturers organised by City livery companies The Clothworkers', Dyers' and Weavers' Company.
James Sugden, director of Johnstons of Elgin which supplies designer brands including Chanel, Hermès and Christopher Kane, said: "This is a clarion call to retailers to realise what they have on their doorstep. Retailers have been sourcing overseas but there is now plenty of opportunity at home."
The sector already employs around 100,000 people but Mr Sugden believes much-needed jobs could be created to fill the skills gap.
The event, called A New Dawn — Rebuilding UK textile manufacturing, will include speakers Vince Cable and designer Sir Paul Smith.
Mr Sugden added: "There are a core of UK companies doing world-beating things but there could be many more.
"We're not trying to turn the clock back. We know we cannot mass produce again but there is growth in niche areas and it is these areas that must be invested in."
- 1 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 2 Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
- 5 Magna Carta will be 800 years old next year – the perfect reminder of the rights and freedoms we must hold dear
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
UK weather: Travel chaos continues as King's Cross train delays add to snow on roads
The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...