About British Luxury

UK luxury is a byword for quality, creativity and heritage. By harnessing the storied histories of their brands to sustainable, forward-looking business practices, these companies are the platonic ideal of the best of British business. It is a £81bn powerhouse industry, which supports 454,000 jobs across the UK and generates 3.7% of UK GDP. Its highly innovative, creative, export-led approach is a driver of growth and prosperity for the UK while promoting British design and craftsmanship to the world.

£81bn
powerhouse industry
454,000
jobs across the UK
3.7%
of UK GDP
<p>A creative expression of excellence</p>

A creative expression of excellence

First and foremost, luxury businesses pride themselves on their creativity.

Innovation and expert craftsmanship are at the heart of what luxury means. Whether a beautifully designed piece of furniture, an expertly crafted cocktail or even the highly personal way a member of hotel staff can set each guest at ease during their stay, luxury is a creative expression of excellence that delivers the best experience possible to the customer. 


This commitment is present in a wide range of businesses in the UK, both in services and goods, from Automotive to Fashion, Food & Drink to Hospitality.

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 Business Practices

Regardless of sector, there are several unifying business practices that unite all luxury brands.
Creativity, Craft & Quality
A commitment to creativity, craft and quality – often with a focus on domestic manufacturing
Brand
Protection
Protection of brand and designs through Intellectual Property
Sustainable Practices
A focus on sustainable business practices that prioritise long term success
Selective Distribution
Selective Distribution practices that carefully define how the product is sold
International Consumers
An international consumer base and export focused business
Investment In 
Digital & Tech
Investment in digital and technology to improve customer experience

A growing Sector

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.

£25.5 Bn

Contributions to the Exchequer
The UK luxury sector contributes £25.5bn to the Exchequer (based on direct and indirect employment)

£56 Bn

Exports
The UK luxury sector's total exports are £56bn, up 45% in 5 years

11%

Growth
The UK luxury sector is growing at a rate of 11% annually

£105 Bn

Turnover
The UK luxury sector is forecast to be worth between £105bn to £135bn by 2028

Walpole
Representation

Walpole
Representation

What support does the sector need?
Download our Luxury Manifesto
Reports & research

Read our economic impact report

2024-03-20
Read our economic impact report
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British Luxury Stories

A series of short films that uncover the untold stories of UK’s most innovative luxury brands, Love Letters was produced for Walpole by BBC StoryWorks Commercial Productions and supported by the GREAT Britain & Northern Ireland Campaign.