The UK Fashion and Textile Association (UKFT) has secured further funding for UK businesses looking to expand internationally.
The organisation has worked closely with government body UK Trade and Investment (UKTI) to secure funding for fashion, textile and footwear companies that want to grow their businesses in key international markets through the Trade Show Access Programme grant (TAP).
The funding will allow them to attend international trade shows and make their mark on the global fashion stage. In the last ten years, the UKFT has taken more than 5,000 businesses to shows using the TAP scheme.
Under an agreement with UKTI the funding allows applicants to attend up to six different overseas trade shows or events with UK government support. During Paris Fashion Week the UKFT will support and promote over 300 UK designers.
UKFT chairman Peter Lucas said: “We are delighted that UKTI has agreed to continued support for UKFT efforts to promote first time exporters in all markets. These first steps in export are an absolute lifeline for many businesses. This is where many UK businesses make their first mark on the global fashion stage.”
He added: “We continue a close dialogue with UKTI to fulfil the needs of the whole industry, including looking at new ways to help more established companies whose requirements for the next level of support in both traditional and emerging markets will be key to growth and success.”
The UKFT relaunched earlier this year with the aim of getting closer to government. It repositioned itself as a business network and will lobby and seek funding on issues such as credit and skills to help the fashion industry prosper.