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LONDON’S NEW FASHION FUND: Taking a page from the CFDA/Vogue Fashion Fund in the U.S., the British Fashion Council and British Vogue have launched a new fund to help U.K.-based designers take their businesses to the next level, the BFC Vogue Designer Fashion Fund. The initiative will award one designer with 200,000 pounds, or about $328,000, to support their business, along with a year’s worth of mentoring advice from key figures in industries including retail, finance, media, brand development and law. To apply for the fund, designers must be based in the U.K. and have an established business, along with U.K. and international stockists and support from U.K. and international media. They must also “demonstrate…how the fund would contribute to their growth with a focus on creating an international brand,” the BFC stated.
The BFC Vogue fund is in addition to the BFC’s NewGen scheme to support emerging designers, which is sponsored by Topshop, and Fashion Forward, which helps designers in the early stages of their career and is sponsored by the London Development Agency. The deadline for applications is Dec. 2. A shortlist of applicants will be revealed in April, and British Vogue will feature the judging process in its May issue. — Nina Jones