Britain is getting its own Met Gala

The British Fashion Council have announced plans to turn the annual British Fashion Awards into a global celebration of fashion.

Like the Met Gala in New York, it will honor talent from all areas of the industry (from designers, to models, to journalists) and will be a fundraising event. Hosted in partnership with Swarovski, the event will be open for both the industry and the public. Funds raised will be used to create and support new scholarships for students attending British fashion colleges.

'As a global industry we should make a commitment to support talented people from all backgrounds to fulfil their dreams and access the best universities in the world,' Dame Natalie Massenet, BFC Chairman, said of the initiative. 'Over the next ten years our ambition is to raise and invest 10 million pounds to support young people in this goal. London is seen as the capital for the most creative new talent in the world that provides talent and energy for the global fashion industry.'

'Supporting emerging talent and celebrating creativity is in Swarovski's DNA, so we are delighted to partner again with the BFC on the Fashion Awards,' added Nadja Swarovski, Member of the Swarovski Executive Board. '[This is] not only celebrating the most creative expression in fashion on a global scale, but also raising funds for education in fashion.'

Tickets for the event will go on sale May 3, with the event taking place on December 5 at the Royal Albert Hall.

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