THE British Fashion Council (BFC) have announced the first pool of recipients of their Foundation Fashion Fund today. This year the money aims to support not only the create individuals and businesses in their fashion endeavours, but to ensure that they survive the consequences of this global pandemic. Financial aid will be donated to 37 British designers with grants extracted from the £1 million emergency fund. A section of this fund has been given to fashion students to ensure the future of British fashion is secure.
Those obtaining this aid will receive a maximum of £50,000 and will also been given guidance and support from the business network associated with the BFC; this includes: LVMH, Google and Farfetch. Those who were not able to be granted this financial aid will have other opportunities to claim funding.
BFC Fashion Fund
The BFC estimates that £100 million of support will be needed over the next 12 to 18 months to sustain and protect Britain’s fashion talent – the Government have been asked to step in and provide some funding. Alexander McQueen, Browns, Clearpay and the Coach Foundation have already donated towards helping the next round of designers through this time of need.
The Chief Executive of the BFC Caroline Rush stated, “The need for support is immense. Our hope is to re-open the fund for future rounds, to help as many businesses as possible, and to ensure the future growth and success of the British fashion industry.”
The recipients of this aid are: Alighieri, 16Arlington, Ahluwalia, Aries, ART SCHOOL, Bethany Williams, BIANCA SAUNDERS, Chalayan, Charles Jeffery LOVERBOY, Chopova Lowena, CRAIG GREEN, David Koma, E. Tautz, E. L. V. Denim, Edeline Lee, EFTYCHIA, Halpern, King & Tuckfield, Kwaidan Editions, Liam Hodges, Matty Bovan, Métier, Nabil Nayal, NEOUS, Nicholas Daley, palmer//harding, PAPER LONDON, paria/FARZANEH, PER GOTESSON, Phoebe English, RAEBURN, Rejina Pyo, Richard Malone, RICHARD QUINN, ROKSANDA, Stefan Cooke and Toogood.
by Imogen Clark