Despite Brexit, Britain has revived some of the foreign investment in the country. The recent example is investment of millions in textile industry in the Northwest city of Lancashire. This has helped create nearly 380 jobs and 24 apprenticeships, while safeguarding nearly 150 of the existing jobs. Interim findings from the Textiles Growth Program has shown that 39 business across Lancashire have invested £8million in the program over four years. And as David Hardman, Chairman of Accrington-based textiles firm Lantex opines despite overseas competition they continued manufacturing for both domestic and international markets.

Figures from the Textiles Growth Program show nationally there has been a £200million growth in production in the last two years. They also estimate textiles production in the UK was worth £9.1billion last year and 4,450 additional jobs were created or safeguarded by the Textiles Growth Program. The program focused on five Local Enterprise Partnership areas (LEP) which previously had a history of textiles manufacturing .These include: Lancashire, Greater Manchester, West Yorkshire and Leicestershire.

As per Lorna Fitzsimons, Founder and Director of Textiles Growth Program points out five years ago, Lord Alliance challenged Sir Vince Cable, the then secretary of state for business, innovation and skills, to recognize the opportunity for increasing UK fashion and textiles manufacturing. Thus began an extensive study on supply and demand for UK fashion and textiles manufacturing in decades.