UK Government hosts Downing Street event to show support for beauty industry

To round out British Beauty Week, 11 Downing Street opened its doors to beauty professionals and innovators for a reception celebrating the ‘significant contribution that the beauty industry makes to the UK economy’.

Before the event, which was hosted in collaboration with the British Beauty Council, Millie Kendall OBE, CEO of the Council, and Laurence Newman, founder & CEO of The Beauty Tech Group (TBTG), met with James Murray MP, chief secretary to the Treasury. They discussed the Future of Beauty (the theme for British Beauty Week 2025), including ‘technological innovations driving business success in the sector’.

The British Beauty Council has long championed the contribution of the beauty industry to the UK’s socio-economic footprint, promoting that it is growing four times faster than the wider economy. It organises the annual British Beauty Week to showcase the sector’s creativity, innovation and influence.

Meanwhile, TBTG is the first beauty business to complete an Initial Public Offering (IPO) on the London Stock Exchange.

James Murray MP networked with a range of beauty professionals and creatives during the Downing Street event, gaining a wider sense of the successes and challenges that characterise business in beauty.

Backing the beauty sector, Chancellor of the Exchequer, Rachel Reeves, said: “The beauty industry is a British success story. A high-growth sector demonstrating the best of British enterprise and innovation.

“From high street salons at the heart of our communities to pioneering businesses like The Beauty Tech Group listing on the London Stock Exchange, this sector is driving growth, creating good jobs and raising living standards across the country.

“We are backing the entrepreneurs, small businesses and innovators that make our beauty industry world-leading, because when they thrive, so does our economy.”