The British Fashion Council (BFC) is delighted to announce that in 2018, it raised over £2.3million for its charities and business support initiatives out of which £1.1million will be allocated directly to scholars and designer businesses. The BFC is committed to developing design excellence and growth by nurturing, supporting and promoting British fashion talent on the global stage in an industry worth £32.2 billion to the UK GDP.
As an organisation, education underpins the BFC’s work on promoting excellence in British fashion. It supports the industry’s future talent pipeline, from school level to emerging talent, future fashion start-ups and new establishment and global brands, through a range of charitable initiatives. This morning the BFC hosted an event at The Royal Academy to celebrate the 2019 designers who receive mentoring, support and financial contributions throughout the year as well as the ones who are awarded prizes through its various initiatives: BFC Education Foundation, NEWGEN, BFC Fashion Trust, BFC/GQ Designer Menswear Fund supported by JD.com, Inc. and BFC/Vogue Designer Fashion Fund.
2018/19 Facts & Figures
31 designer businesses supported in 2018/19 through BFC initiatives (NEWGEN, BFC Fashion Trust and BFC/Vogue Designer Fashion Fund) and 21 scholars through scholarships
Number of scholarships awarded by the BFC Education Foundation increased from 11 to 21, taking the BFC’s financial commitment to students from £127K to over £200K – more than a 60% year on year increase
204 teenagers supported through Saturday Clubs at 11 clubs across the UK this year
Fashion Studio Assistant Apprenticeship launched at London Fashion Week February 2019 – this is the 400th new government apprenticeship
£300,000, the largest single donation to the BFC Education Foundation was made by Swarovski at The Fashion Awards 2018
538 students supported at universities: 270 event attendees; 181 competition entrants; 21 scholars
Since its inception NEWGEN has launched the careers of 249 designers
Since its inception the BFC Fashion Trust has awarded over £2 million to 42 designer businesses
The BFC Fashion Trust awarded grants totalling £380,000 between eight designers in 2018
£200,000 cash-prize received by Molly Goddard, winner of the 2018 BFC/Vogue Designer Fashion Fund
More than 660 pro-bono hours donated by the BFC Fashion Business Network to designers
15 external partners from the BFC Fashion Business Network provided bespoke mentoring and consultancy
18 workshops and clinics hosted by industry professionals
Caroline Rush CBE, Chief Executive British Fashion Council says “The UK has a reputation of having some of the best fashion schools in the world as well as the most innovative and creative talent. We are delighted to be able to support many of them from school-level all the way through to established designer businesses through all our initiatives; this further reinforces our reputation as an international hub for creativity, innovation, talent and business. Congratulations to all the designers and thank you to all the Funders, mentors and supporters for making the UK’s talent support the most robust in the global market.”
Mishcon de Reya support the BFC/Vogue Designer Fashion Fund shortlisted designers and winner through pro-bono legal services. With thanks to Farfetch, Google, Launchmetrics and the rest of our Fashion Business Network.
IMAGE: Isosceles Lingerie