The British Fashion Council and GQ magazine have announced the BFC/GQ Designer Menswear Fund, which aims to help British menswear companies.

The fund, supported by Vertu, offers a prize valued at £200k, comprising cash, mentoring and professional business services. Dylan Jones, Editor-in-Chief of GQ said 'We thought it was about time that the menswear industry had its own fund' with Caroline Rush, CEO of the British Fashion Council adding 'There could not be a better time to celebrate and support the flourishing British menswear industry'.