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LONDON’S NEW MONEY: Eight U.K.-based labels have a shot at winning 200,000 pounds, or $320,000 at current exchange, as part of the inaugural British Fashion Council/Vogue Fashion Fund. Angel Jackson, Christopher Kane, Clements Ribeiro, E. Tautz, Erdem, Marios Schwab, Nicholas Kirkwood and Richard Nicoll have been short-listed for the honor, which was created by BFC chairman Harold Tillman in 2008 as a legacy project for the BFC’s 25th anniversary. Alexandra Shulman, editor of British Vogue, will chair the judging panel and the magazine will reveal the winner in its May issue. Marigay McKee, fashion and beauty director at Harrods, will chair an industry-based committee that will offer the winner mentoring and advice aimed at growing the winner’s brand internationally. The award will be an annual one, and the fund is supported by companies including Arcadia Group, Burberry, Paul Smith, Harrods, Jaeger, Aquascutum, Westfield and Condé Nast UK.