A report by the Hair and Barber Council shows how the hair and beauty industry is “reinvigorating the high street” and bucking trends.
The industry is worth a massive £6.6 billion to the UK economy each year – which is around eight per cent of the overall retail sector and shows how important it is.
What the report found
- The hair and beauty industry contributes £6.6 billion to the UK economy – 8% of all retail sales in the UK market
- There are more than 49,000 businesses employing 337,000 people
- Business owners under the age of 25 is double the UK average
- The industry trains more than 16,500 apprentices
- Wales has the highest percentage of males within the industry (14) – England has the lowest with 11
This is the first time that a genuinely peer-reviewed economic impact of the sector has been conducted for the whole of the UK and by each of its devolved nations individually.
With more than 49,000 businesses employing almost 337,000 people, this report proves that the Hair and Beauty sector is a significant and a major employer and not one to be ignored!
Hair, barber and beauty salons/spas are the heartbeat of the UK’s high streets, with barbershops especially growing significantly year on year.
Keith Conniford, Registrar of The Hair and Barber Council, said: “This peer-reviewed report shows unequivocally the enormous value – and great career choices associated with – the industry and further strengthens the need and desire from the public and industry, to finally have the sector recognised as the professionals they are.”
The launch, hosted by John McNally MP at the Houses of Parliament, was attended by hair and beauty professionals, as well as vice-president of Labour Business, Bill Esterson MP, who said: “Without doubt, the hair and beauty sector helps invigorate the high street.
“Salons bring footfall to our high street for other business to benefit from. Salons are the heartbeat of the high street and the backbone of their local communities.
“There aren’t enough women starting businesses and this sector is a brilliant exception to the rule.”
The Economic Impact Assessment Report of the Hair and Beauty Sector on the UK Economy was commissioned by the Hair and Barber Council in conjunction with BABTAC (British Association of Beauty Therapy & Cosmetology). It was launched in the Palace of Westminster on 22nd May 2019, to an audience of politicians and industry professionals from all parts of the sector.