Many of the initiatives that the BFC runs are made possible through public funding.
Many of the initiatives that the BFC runs are made possible through public funding. The Showcasing Fashion through Strategic Partnerships project (April 2019 - September 2021) and the Commercialising Creative Fashion Businesses project (November 2015 - March 2019) support designer fashion businesses to maximise the growth of their businesses by increasing their competitiveness and international sales, resulting in strong, sustainable businesses that are contributing significantly to London’s employment and economy. Both projects are supported by the European Region Development Fund.
The projects have been developed to strategically address changes that are affecting the fashion industry, supporting designers to reach new markets both through trade sales “business to business” (B2B), and to support growth in direct to consumer models (B2C).
The principle focus of the projects is to deliver selling events, both in London and “in-market” internationally, to enable designers to increase their international sales to both domestic and international buyers and consumers.
The ERDF funding allows the BFC to more fully support the industry, through platforms such as London Fashion Week and comprehensive designer support, as well as enabling designers to access markets that they would not be able to on their own.In addition to achieving ERDF outputs, projects aim to deliver increased export sales, and wider impacts including the growth in the fashion industry, growth in London’s international reputation as a crucible of fashion and increased in-direct impacts such as the growth of retail tourism.
The BFC has been supported by the European Regional Development Fund since 2011.
The London ERDF programme is administered by the Greater London Authority (GLA).
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