Glasgow Caledonian University (GCU) has established a partnership with retailTRUST that provides £100,000 of scholarships at the British School of Fashion (BsoF) and an additional £50,000 in seed funding loans to help students develop and launch their own businesses.
retailTRUST, a leading UK charity, will fund annual awards of £20,000 for the next five years to support students on the BsoF MSc Fashion Business Creation programme, which begins at GCU London in September 2015. The programme has been designed in collaboration with industry leaders to develop entrepreneurial insight into the strategies and practices key to launching and sustaining a successful fashion business.
In addition, retailTRUST is committing £10,000 each year for five years in seed funding loans, which is being matched by GCU. MSc Fashion Business Creation students who will be invited to pitch for a share of the annual £20,000 investment pot before a panel of leading industry figures.
The partnership is the first initiative to be launched under the retailENTERPRISE banner developed by retailTRUST to support the industry’s rising stars and innovators.
Richard Boland, Chief Executive of retailTRUST, said: “The retail sector depends upon innovation, creativity and inspiring ideas. This programme is a core part of our commitment to put resources behind those individuals aspiring to create an inspiring retail scene.”
Professor Christopher Moore, Director of the British School of Fashion, said: “The new MSc Fashion Business Creation is an exciting addition to the British School of Fashion portfolio and it is a real honour to have retailTRUST partnering with us and providing this generous support.”
Those who have submitted an application for a place on the MSc Fashion Business Creation programme for September 2015 entry and would like to be considered for a retailTRUST scholarship should note the deadline of Monday 13 July 2015.