BFC Fashion Trust

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Criteria

The BFC Fashion Trust is a British Fashion Council Foundation charitable initiative that empowers positive business growth through financial grants and mentoring. The fund is open to all gender collections and/or accessories. The BFC Fashion Trust supports projects that enable brands to think strategically and accelerate positive business growth through finance and business support. Grant money should relate to a defined project that will be delivered within a set period of time, and applicants must articulate how projects align to their broader business growth vision and show a clear return on investment.

 

Eligibility Criteria

In order to be considered for the BFC Fashion Trust  grant applicants should meet the following criteria:

  • Applicants should have an established designer fashion business that has been trading for a minimum of three years.
  • The fund is now open to all gender collections and/or accessories. It cannot consist of bridal wear or childrenswear,
  • Applicant’s company should be based in the United Kingdom and registered with Companies House (not sole trader).
  • The applicant's company should be majority-owned by the Creative Director/Designer.
  • Applicants who produce fashion shows are advised to show at London Fashion Week if applicable.
  • Applicants should have international and UK stockists AND/OR sell direct to consumer.
  • Grant money should relate to a defined project that will be delivered within a set period of time. Therefore, it should not be used to employ permanent staff or to cover expenses that will extend beyond the length of the project.
  • Applicants can apply up to 5 times.
  • The grant can be received 3 times.
  • Applicants should be able to demonstrate support from both UK and international media.

 

Assessment Criteria 

Applications will be reviewed against the following areas:

  • Contribution to the overall fashion ecosystem. Businesses must have a strong creative point of view, demonstrating a clear aesthetic point of difference and have contributed to the voice of UK fashion and have given back with their time to further the ecosystem.
  • Future business model: Applicant’s ability to demonstrate a clear vision on how the fund will empower the positive growth of their business and articulate how projects align to their broader business growth vision and show a clear return on investment.
  • Use of the funds: Planned use of funds that relate to a defined project that will be delivered within a set period of time. Therefore, it should not be used to employ permanent staff or to cover expenses that will extend beyond the length of the project.
  • The level and quality of stockists both international and UK; and/or proven direct to consumer sales channels for a designer fashion business.
  • The level and quality of international and UK media recognition.
  • The applicant’s demonstration of how they are addressing the three pillars of Positive Fashion: Environment, People and Craftsmanship & Community.
  • Quality and completeness of application form.

 

Application Process

Applications are now open, click here to apply. The deadline for applications is 5pm on Monday 26th April.

Applicants will be asked to submit the following information with their application:

  • Company information.
  • A PDF look book from the last two collections (maximum file size is 2MB).
  • A PDF file of latest press book (maximum file size is 2MB).
  • Two industry referees (buyer and/or journalist).
  • Financial information (1. A summary of financial information, 2. A cash flow statement).
  • Most recent end of year accounts (PDF).
  • A short statement on how you are addressing the three pillars of Positive Fashion: Environment, People and Craftsmanship & Community.
  • Plan for how you would spend the grant money which should relate to a defined project that will be delivered within a set period of time.
  • Applicants who fail to complete the form correctly and supply all requested information will be removed from the process.

 

Applicants will be asked to complete equal opportunities information about their business, their staff and themselves, this information will be kept on file for information only and will not form part of the judging process.

If you would declare yourself disabled under the Disability Act 1995 and need any support accessing this application form, large print, easy read, or audio recording, please contact:

bfcfashiontrust@britishfashioncouncil.com

 

Judging Process

  • Applications will be reviewed and shortlisted by a judging committee alongside industry experts and funding representatives.
  • Applicants will be informed if they have been shortlisted in January 2020.
  • The Shortlist will be informed via email and invited to attend a mentoring session in January 2020.
  • The Shortlist will be interviewed by the Fund judging committee (date TBC).

 

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