The Brits are following in the States' fashionable footsteps by creating a Designer Fashion Fund.
Similar to the Vogue/CFDA awards which was started by Miz Anna Wintour in 2003, the BFC Vogue Designer Fashion Fund will provide a British-based designer with £200,000 and high-level mentoring support to build their own business.
The British Fashion Council chairman, Harold Tillman says:
"Last September, at 10 Downing Street, I announced our vision for the Fund as a legacy of our 25th anniversary. Today, we are able to launch this landmark designer support scheme in partnership with British Vogue. We are delighted to have raised the financing for the first year of the Fund. However, more funding is required to establish it as a permanent support scheme. Designer talent is the lifeblood of the fashion industry. Now is the time for the industry to directly support this talent and sign up to the Fund.”
Hey, at least it's a start.
The only requirements to enter is to be UK-based, have an established business, international stockists, a strong media profile and how the ca$$$h will help build their brand.
The winner will be announced in April of next year. If you're interested in entering, applications are due December 2nd.
Can't wait to see who the winner is!
[Image via WENN.]
Posted: November 5, 2009 at 10:00 am
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