Great Fashion Fund propelled to put resources into production network development

Image collected
The Good Fashion Fund was propelled yesterday, initiating foundational change in the attire and footwear store network by putting resources into the execution of creative advances in India, Bangladesh and Vietnam. Started by Fashion for Good, the Fund is a coordinated effort between C&A Foundation, Hong Kong based The Mills Fabrica and FOUNT. 

The Good Fashion Fund will be formally declared at the Hong Kong Fashion Summit by C&A Foundation Board Director Albert Brenninkmeijer and Fund Director Bob Assenberg on the fifth of September. 

The new store gives effect loaning [products/instruments] to fund interests in inventory network developments in India, Bangladesh and Vietnam. With an objective size of EUR 60m, the reserve's mixed structure joins hazard tolerant capital with private division speculation, taking into consideration adaptability to tailor financing to best fit every circumstance. 

Right now, clothing supply chains are tormented by their negative ecological and social effects. In any case, while reasonable arrangements do exist today, there is an absence of capital accessible to scale these advancements inside the production network. 

The Fund was made to address this hole – associating the most encouraging innovations to the business to cooperatively handle its difficulties. 

The store's mixed structure consolidates hazard tolerant capital with private part speculation, that takes into consideration adaptability and custom fitted financing to best fit every individual's circumstance. 

The vision for the Good Fashion Fund is for makers in the clothing production network to put and reinvest in advancements that convey both monetary development and great style work on, assembling the utilization of sheltered and recyclable materials, spotless and effective vitality, shut circle fabricating and the formation of reasonable employments and development, in accordance with the FIVE GOODS: Good Energy, Good Water, Good Materials, Good Economy and Good Lives. 

Little to medium makers whose items or administrations are in accordance with these criteria hoping to execute top tier innovation and gear, will be qualified for subsidizing. The Fund is additionally ordered to help bigger producers focused on putting resources into profoundly problematic advancements. 

The Good Fashion Fund is the aftereffect of novel joint effort. It is started by Fashion for Good, with C&A Foundation and The Mills Fabrica as propelling financial specialists and overseen by effect venture firm FOUNT. Design for Good gives an unparalleled industry system and solid arrangement pipeline, just as access to advancements and specialized information, while FOUNT gives plentiful speculation and reserve the board skill in developing nations. 

Katrin Ley, Managing Director Fashion for Good, commented, "Problematic advancement is expected to move the Fashion Industry from a model of 'take-make-squander' towards a progressively round and regenerative framework. While the innovation exists today to push ahead towards circularity, it isn't yet being scaled. The Good Fashion Fund gives the assets, apparatuses and motivating forces expected to connect the advancement hole, carrying these developments to the standard." 

Leslie Johnston, Executive Director C&A Foundation, stated, "We as a whole realize that 'the same old thing' won't bring about the style business being a genuine power for good. Development is basically required. But then, without adequate subsidizing, numerous advancements can't scale. We are in this manner glad to be a stay financial specialist in the Good Fashion Fund which – with its high hazard craving and spotlight on getting advancements into the production network – will address this account hole." 

Vanessa Cheung, Founder The Mills Fabrica remarked, "With the dispatch of the Good Fashion Fund, we are charmed to join forces with C&A Foundation, Fashion for Good and FOUNT to make another stage to address the financing hole for economical advancements. We anticipate supporting the Fund with our system and accomplices in Asia." 

Weave Assenberg, Director Good Fashion Fund and FOUNT accomplice stated, "We are excited to work with Fashion for Good, C&A Foundation and The Mills Fabrica to produce generous effect inside the attire worth chain in Asia, an activity that accommodates FOUNT's effect and maintainable speculation technique great. The Fund shows how to contribute beyondsustainability towards a helpful and regenerative attire store network and addresses the need in the nearby showcases for long haul financing for producers and adds to numerous SDGs." 

At last, the Good Fashion Fund drives positive effect over the whole design industry, exhibiting how to substantially contribute past supportability and towards a therapeutic and regenerative attire store network.

Tags :

Share this news on:

Previous Story

Trending Topics

Archive