EVENT UPDATE | Fashion Week Update

Government continues LFW support, BFC leads sustainability initiative.

Published: June 19, 2023
Author: Fashion Value Chain

-By Ankita Dutta

The global significance of the British fashion industry has been highlighted as the financially-stretched UK government has announced its continued support for London Fashion Week (LFW) as part of an initiative to foster growth in the creative industries.

The British Fashion Council (BFC) stated that LFW is one of the four major global fashion weeks, renowned for its wide range of businesses that include both highly creative start-ups and established global fashion brands. The funding provided by the government will enable the BFC to amplify the work of these businesses to an international audience and coordinate a city-wide celebration of fashion and cultural experiences.

In addition to supporting LFW, the BFC also revealed plans to lead the Circular Fashion Innovation Network (CFIN), a collaboration with the Institute of Positive Fashion and UK Fashion & Textiles (UKFT). The CFIN is backed by the UK Research and Innovation (UKRI) and is designed to accelerate the development of a circular fashion eco-system in the UK, with an emphasis on innovation-led approaches. By bringing together industry, academia, and innovators, the network aims to address key areas such as recycling infrastructure, sustainable manufacturing, circular business models, novel technology, a diverse and future-proof workforce, and green growth.

UKFT will primarily focus on recycling infrastructure and sustainable manufacturing within the CFIN. Practical innovation and research projects will be undertaken to enhance the competitiveness of the UK fashion and textile industry. The BFC and UKFT will outline their joint plan for change in the coming months.

Caroline Rush, CEO of the BFC, emphasized that the British fashion industry is at the forefront of creativity, with its founders and entrepreneurs serving as pioneers in their field. However, responsible growth during this period of substantial change necessitates platforms, support, and coordination. Rush expressed enthusiasm for collaborating with the industry and government to sustain the UK’s reputation as a global creative leader and to collectively accelerate the establishment of a prominent circular fashion eco-system in the country.

In conclusion, the continued investment in London Fashion Week and the introduction of the Circular Fashion Innovation Network demonstrate the significance of the British fashion industry on a global scale. Through these initiatives, the industry aims to not only showcase its creativity but also prioritize sustainability and innovation to secure its position as a leader in the fashion world.

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