United by a business model, the UK’s world-leading luxury sector is a significant driver of prosperity across the country. As well as delivering growth it also contributes to our soft power overseas, and supports the creative and culture sector.
Over the last 5 years, UK luxury has grown at a rate of 11% a year, nearly three times the UK’s growth rate. What is more, this already successful sector is projected to grow even further. With the right support, the sector could be worth £125bn by 2028.