The British Fashion Council has announced that HSBC will partner with the BFC Fashion Trust to provide financial advice and mentoring to winners of the annual grant.
The BFC Fashion Trust was founded in 2011 and offers a grant and mentoring to selected designers each year. In 2017 the Trust awarded grants worth £450,000 between 11 designers.
Daniel Howlett, HSBC’S head of large corporates, U.K. and regional head of client coverage, Europe will join the advisory board of the Fashion Trust alongside Helen David, Kim Hersov, Rana Tabiat and Nicoletta Fiorucci.
Recipients for the 2017 grants and the first designers to work with HSBC are: Edeline Lee, Eudon Choi, Fyodor Golan, Georgia Hardinge, Huishan Zhang, Isa Arfen, Marques’Almeida, Osman, Rejina Pyo, Sharon Wauchob and Teatum Jones.
Co-chairs of the Fashion Trust, Tania Fares and Sian Westerman, said: “We are absolutely thrilled about this new partnership with HSBC. Being one of the world’s largest financial services organisations, their involvement is a great opportunity for the designers supported by the BFC Fashion Trust, as it will provide them with the unique platform to be mentored by a global financial leader. We are convinced that HSBC’s involvement will be fantastic for the designers and their businesses and are incredibly proud to be working with them.”
Daniel Howlett commented: “The British fashion industry is envied around the world for its creativity, innovation and iconic longevity. We’re proud to be an official partner to the BFC Fashion Trust and to support UK businesses operating in a truly international industry. Our reach covers 90% of the world’s trade flow putting us in a unique position to provide advice and expertise for designers and retailers as they look for growth opportunities and continue to set global trends.”
Since 2011 the BFC Fashion Trust has awarded over £1.6 million in grants and worked with 39 British designer businesses to help them develop e-commerce websites and physical stores.