The recent listing of the Beauty Tech Group is just one sign of the beauty industry’s growth-driving potential, writes British Beauty Council CEO Millie Kendall in today’s Notebook

Beauty Tech Group listing shows industry power to drive growth

The recent listing of the Beauty Tech Group on the London Stock Exchange offered a welcome lift to the capital’s struggling market – and a reminder of the growing power of the British beauty industry.

Worth £30.4bn a year and employing almost 700,000 people, according to our latest Value of Beauty (VOB) report, the sector is expanding at more than four times the national average.

Britons now spend more on beauty than on football, gyms and amusement parks combined, while its £9.4bn annual tax contribution exceeds the entire budget of the Department for Culture, Media and Sport.

Yet beauty’s real value lies in what it could still deliver. With the right support, it can regenerate high streets, create skilled jobs and lead in responsible innovation.

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