A shared studio in east London which has been home to designers including Jonathan Saunders, Lou Dalton and James Long, is set to close in the face of a 400% rent increase.
Rent at the Trampery, which is located on Mare Street in Hackney, will increase from £125,000 per year to £500,000 from September.
There is a campaign to save the 2,500 sq ft facility which opened in 2013 but it is thought there is already a new tenant lined up, according to The Guardian. The studio is now understood to be looking for a new location.
Menswear designer James Long, who has recently moved to nearby Hackney Wick, told the newspaper: “I’ve been in London for 12 years and seem to be moving further and further out.
“These areas are going to be very soulless when all the young creatives have gone.”
Jamie Craven, a spokesman for the Trampery, said: “The astronomical rise in commercial rents poses an existential threat to London’s creative and entrepreneurial community.
“If we reach a point where early-stage businesses and entrepreneurs simply can’t afford to locate themselves in London any more it will cause long-term damage to the city’s economic fabric.”
British Fashion Council chief executive Caroline Rush added: “The Trampery is an incredible facility for start-up and developing designer fashion businesses.
“Its studio space, shared equipment facility networking spaces make it an ideal place to develop a designer business. Many of the businesses that currently rely on the Trampery are part of London Fashion Week. It is essential to us that the Trampery be found a new home.”