The British Fashion Council has opened applications for the 2012 BFC/Vogue Designer fashion Fund.
The competition prize consists of a £200,000 investment and access to industry mentor to help the business develop.
The award was given to designer Christopher Kane last year and to Erdem in its inauguaral year, 2010.
In order to be eligible to enter, designers must already have an established business and be based in the UK, with both domestic and international stockists, and support from key global media.
The winner and seven other shortlisted designers will be featured in the March issue of Vogue, and will gain access to a panel of business-development and industry mentors to support their business, brand and collection development over the coming year.
Eligible designers are invited to submit applications no later than November 14, 2011.
The judging committee is chaired by Vogue editor Alexandra Shulmann and also features Marigay McKee and fashion and beauty director at Harrods, who chairs the mentoring panel.
The BFC/Vogue Designer Fashion Fund is supported by Aquascutum, Burberry, Clothing at Tesco, Debenhams, Harrods, House of Fraser, HSBC, Jaeger, LF Europe, Marks & Spencer, Paul Smith, Toni & Guy, Topshop, Vogue and Westfield Shopping Towns.
To enter Fashion Fund 2012, or for more information, click here.
For more information, please visit: www.britishfashioncouncil.com/designerfashionfund