UK fashion designers and scholars received over £1.3m in funding support from the British Fashion Council in the financial year 2021-22.
Of the sum, £932,500 was paid by the BFC Foundation as part of the BFC’s grant giving initiatives including scholarships and talent support schemes BFC NEWGEN, BFC/GQ Designer Fashion Fund, BFC/Vogue Designer Fashion Fund and BFC Fashion Trust. A further £400,000 was paid to designers through brand partnership collaborations secured by the BFC.
The BFC supports the future growth and success of the British fashion industry by focusing on education, grant-giving, and business mentoring. Co-chaired by philanthropists and investors Narmina Marandi and Tania Fares, the charity aims to raise funds to maintain and grow its grant giving programmes with the support of an influential international Patronage Programme. In its first three years, the BFC Foundation received total donations in excess of £8m
In the current year, the charity is able to support 35 designers and a number of students through financial support grants and mentoring.
Narmina Marandi & Tania Fares, Co-Chairs BFC Foundation, said: “When we launched the BFC Foundation Patronage Programme at the end of 2020, we set an ambitious fundraising target. Despite a difficult year for so many, an incredible group of individuals stepped forward to donate and support the BFC Foundation and its grant giving initiatives. The annual funds raised by the charity allow us to continue the important work the BFC does in supporting and nurturing talented designers at all stages of their careers, as well as making sure that the British fashion industry remains diverse and open to all”.
Image source: BFC