bfc_vogue_logos.jpgAs America's CFDA/Vogue Fashion Fund finalists take their show on the road to Los Angeles, our own British Fashion Council has just announced the launch of its own mega fashion initiative.

As part of their 25th anniversary celebrations, the BFC and Vogue have teamed up to unveil a new £200,000 Designer Fashion Fund to help kick-start the career of our young design talent. The Fund aims to support designer businesses through financial and mentoring. It will also focus on helping established designers develop their businesses in the international arena.

"It is inspired by the need to support British designers who through their own talent have reached a certain level and built a business but who need to grow their business now into something more solid," said British Vogue editor, Alexandra Shulman. "Its focus is on supporting young designers who are based here and we hope they will stay on and be a part of London Fashion Week."

Designers based in the UK, who have an established business with UK and international stockists and key media support, are invited to apply via the BFC website. Applications are due by December 2, with a committee panel including BFC chairman, Harold Tillman, to oversee the judging process.

"I announced that we were going to try and raise the money for it during the Fashion Week party at 10, Downing Street - with the kind permission of Sarah Brown - in September 2008. Today we are thrilled to announce that the fund has launched - it is the first time hard cash and this level of mentoring has been offered to help designers through their life," Tillman said.

The finalists will be announced in April 2010.

[via Vogue UK]