Anya Hindmarch, Luella Bartley and Stella McCartney have been shortlisted for the Designer of the Year category.
Christopher Kane, Gareth Pugh and Marios Schwab are nominated for Best New Designer.
Marc Jacobs, Dover Street Market and Jigsaw's The Shop at Bluebird in the Kings Road are up for the Best New Retail Concept prize, while Agyness Deyn, Lily Cole and Irina have made the short list for Best Model.
The nominees for Best Menswear Designer include Christopher Bailey for Burberry, Alexander McQueen and Cassette Playa.
The Best Red Carpet Designer shortlist includes Giles Deacon, Marchesa and Stella McCartney.
Anya Hindmarch, Rupert Sanderson and Tom Binns have all made the cut for Best Accessory Designer.
There is a special award in memory of Isabella Blow, who died this year, which recognises a British stylist, make-up artist, photographer, art director or producer whose creativity has been a major inspiration and influence over the past year. The shortlist for the Isabella Blow Award For Fashion Creator are Mert and Marcus, Michael Howells and Terry Jones.
The BFC will announce the winner of the BFC Award for Outstanding Achievement in Fashion Design at the ceremony in November.
Separately, Swarovski will award a prize of £50,000 to the winner of the BFC Fashion Enterprise Award sponsored by Swarovski to a developing designer who shows at London Fashion Week. The nominees must have been in business for a minimum of three years, have received New Generation funding in the last three years or be at a similar stage in their business. The closing date for applications is October 19. To apply contact Kerry Mythen at the BFC 020 7636 7788 or firstname.lastname@example.org.
BFC chief executive Hilary Riva said: "The Awards give recognition to some of the most influential people at the apex of a vast commercial industry and highlight the wealth of talent that originates from our country and our colleges. I would like that thank Swarovski as headline sponsor for the British Fashion Awards 2007 and for their sponsorship of the BFC Fashion Enterprise Award which will significantly help to support one of our newer talents as they establish themselves."
The British Fashion Awards takes place on November 27 at the Lawrence Hall, Westminster.