British Fashion Council (BFC) have announced the first round of recipients of the BFC Foundation Fashion Fund…
The BFC Foundation Fashion Fund was set up to support creative fashion businesses and individuals to survive the Covid-19 crisis, and the first round of recipients were revealed earlier this week.
Financial support will be given to 37 British designer businesses, with grants taken from the £1,000,000 emergency fund, allocated to viable businesses depending on their urgency and capability to come through and thrive post crisis. A portion of funds has also been allocated to students, underpinning the future generation of creative talent.
Caroline Rush, Chief Executive BFC said:
Over the last couple of weeks, we have seen an astonishing amount of applications come through from British designer businesses all over the country, asking for help to survive the crisis. 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 ensure the future growth and success of the British fashion industry.
There have been over 220 applications to date, and the chosen recipients will receive a maximum of £50,000. They will also be given access to BFC business support and mentoring from the BFC’s Fashion Business Network, plus individual expert one-to-one mentors from across the business value chain.
Recipients for the Fund are:
Alighieri (VDFF 2020), 16Arlington, Ahluwalia, Aries, ART SCHOOL, Bethany Williams, BIANCA SAUNDERS, Chalayan, Charles Jeffrey LOVERBOY (VDFF 2020), Chopova Lowena, CRAIG GREEN, David Koma (VDFF 2020), E. Tautz, E.L.V. DENIM, Edeline Lee, EFTYCHIA, Halpern (VDFF 2020), King & Tuckfield, Kwaidan Editions, Liam Hodges, Matty Bovan, Metier (VDFF 2020), Nabil Nayal, NEOUS, Nicholas Daley, palmer//harding, PAPER LONDON, paria /FARZANEH, PER GOTESSON, Phoebe English, RAEBURN, Rejina Pyo (VDFF 2020), Richard Malone, RICHARD QUINN, ROKSANDA, Stefan Cooke, Toogood
All applicants that did not receive funding through this round, will be informed on new rounds of funding, government support schemes and webinars to collectively help businesses in these challenging times.
The fund will re-open for further rounds of applications so that more meaningful support can be given, every time the £500,000 milestone is reached. Donations towards the next round of funding have already been received from Alexander McQueen, Browns, Clearpay and Coach Foundation and BFC calls on all that are able to support, to do so at this time.
BFC has also called on both Government to step in to work with them on significant industry stimulus, and on the industry and individuals to support the BFC Foundation Fashion Fund through donations, so that more businesses can be supported at this time.