“It was a shock to us that there were so many textiles related companies outside London. Buyers need to know about them.”
An Edinburgh-based investment fund
Was there life in the UK textiles industry?
Reshoring is taking place in the UK
A group of investor asked Octopus to produce an overview of the UK textile industry. So, we were told to cut through the politics and associated noise to examine the size, state, as well as viability of the industry in the UK. Also, look how re-shoring could increase within the UK.
Firstly, we analysed current textiles companies in the Leicestershire area, then determined the key issues which were stopping reshoring. Then we talked to textiles businesses, universities, Local Enterprise Partnerships and other experts. Also, we assessed export and import data and looked at what was stopping London buyers buying British.
Finally, we produced the document and it went to government, senior management in retail organisations, banks and local authorities. Interestingly, our findings were even featured on BBC Radio4.
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