A comprehensive report has been released, analyzing the consequences of Brexit on the fashion, textile, and technology (FTT) industry in the UK. It provides valuable insights and presents five key recommendations aimed at supporting the sector's future growth. 

Jointly published by the Business of Fashion, Textiles and Technology (BFTT), led by the University of the Arts London, and the Future Fashion Factory (FFF), led by the University of Leeds, the report was chaired by Adam Mansell, CEO of UKFT. Mansell highlighted the significant impact of the UK's departure from the EU, emphasizing the complex trading relationship that emerged. 

The report emphasizes the challenges faced by the FTT industry, particularly for SMEs and micro businesses. However, it also underscores the resilience and adaptability of UK fashion and textile companies. 

The report's key recommendations focus on reducing trade costs and complexity, enhancing the sector's capacity and competency, building post-Covid resilience, driving digital innovation, and prioritizing sustainable and ethical practices. These proposals encompass tax breaks, business development support, training programs, subsidies, grants, and government incentives. 

Despite the challenges, the report presents a hopeful outlook, emphasizing the industry's potential for sustainable growth through innovation, skilled workforce, and an unwavering commitment to sustainability. With increased support and investment from organizations like UK Research and Innovation (UKRI), the UK FTT sector can seize significant opportunities for a prosperous future.

By Fashionating World
https://www.fashionatingworld.com/new1-2/brexit-s-impact-on-uk-fashion-report-recommendations