London Fashion to receive Government Funding

May 4, 2023 0 Comments

The British Fashion Council (BFC) has confirmed that the UK government will continue to support London Fashion Week (LFW) as part of a creative industries package aimed at stimulating growth.

LFW, one of the four world fashion weeks alongside New York, Milan and Paris, will receive GBP 2 million from the new GBP 77 million government support programme to stimulate the economy, strengthen the British creative industries by GBP 50 billion and create one million more jobs by 2030.

The government said in a statement that the funding was a recognition of “British excellence in organising international showcase events” and would support LFW from 2023 to 2025.

The BFC added that the funding would allow the non-profit organisation to “strengthen” the work of the British fashion industry, from highly creative start-ups to global fashion brands to an international audience, while coordinating a city-wide celebration of fashion cultural experiences.

The British government supports LFW with a funding of 2 million pounds sterling by 2025
The announcement was accompanied by confirmation that the BFC will lead a circular fashion innovation network to accelerate a circular fashion ecosystem through the Institute of Positive Fashion in partnership with UK Fashion & Textiles (UKFT).

The Circular Fashion Innovation Network, funded by UK Research and Innovation (UKRI), will align with the BFC Institute of Positive Fashion and work in partnership with UKFT to bring together Industry, academia and innovators to accelerate the work and expertise needed to create a circular fashion ecosystem.-system in the UK with a Mindset

The program focuses on six main axes: recycling infrastructure, sustainable production, circular business models, new technologies, diversified and sustainable workforce and green growth. The BFC and the UKFT intend to define their joint roadmap for change over the coming months.

Caroline Rush, Chief executive of BFC, said: “The British fashion industry is at the forefront of creativity and its founders and entrepreneurs are leading innovators in their field. However, for companies to develop responsibly at a time of great change, platforms, support and coordination are needed.

“We look forward to working with Industry and government to help the UK maintain its reputation as a creative pioneer in a global industry and develop its ability to responsibly and collaboratively approach how we achieve a leading circular Fashion ecosystem in the UK.”

Adam Mansell, CEO of UKFT, added“ “Sustainable manufacturing and recycling infrastructure will be the main drivers of the transition to a circular Fashion ecosystem here in the UK. We are delighted to be working with the BFC to help our industry connect, collaborate and share experiences in order to build the most resilient, sustainable and competitive sector for future generations.”

Leave a Reply

Your email address will not be published. Required fields are marked *