Roksanda Ilincic and Richard Quinn are among the first recipients of the British Fashion Council’s Foundation Fashion Fund.
In response to the escalating Covid-19 pandemic, BFC officials announced in late March that they would be bringing all of their charitable initiatives under one umbrella and making $1.2 million (£1 million) of emergency funds available to British designer businesses and some students.
And on Wednesday, BFC chief executive Caroline Rush confirmed that the BFC Foundation Fashion Fund would be offering financial support to 37 designers and brands, including Illincic, Quinn, Richard Malone, Rejina Pyo, Bethany Williams, Craig Green, David Koma, Charles Jeffrey LOVERBOY, and Halpern.
“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,” said Rush. “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.”
Fund recipients will receive a maximum of $61,000 (£50,000) and will also be given access to business support and mentoring.
The BFC Foundation Fashion Fund is utilising funds that would have previously been awarded to up-and-coming designers, such as those involved in the annual BFC/Vogue Designer Fashion Fund competition.
But as the judging process for the BFC/Vogue Designer Fashion Fund had already completed for this year, executives decided that the cash prize and mentoring award would be split across each of the six shortlisted brands for the very first time.
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