The BFC is hoping to retain international designers and talented creatives ahead of a Brexit deal.
The launch of the prize aims to coincide with the increased interest in the growth potential of the region’s fashion industry.
Young designers used the new space to showcase their collections and create memorable moments.
The event, which this year has dwindled to three days from four, is not giving up and a small, yet noteworthy, group of young designers is moving to the forefront, moving the needle on men’s wear.
A House of Peroni initiative offers eight designers in women’s and men’s wear a mentorship program and a fashion residency at a studio in London.
Beckham will become ambassadorial president of the British Fashion Council, a newly created role.
The British Fashion Council and Vogue unveiled the winner and NewGen recipients in London.
Roksanda Illincic, Roja Dove, Guy Salter, Caroline Rush and a host of design and innovation leaders spoke at the four-day event.
The developments are part of a long-term vision to develop a sustainable fashion infrastructure across the Arab world.
The BFC has partnered with Chinese e-commerce platform VIP.com and the Hong Kong Trade Development Council.
JD.com is throwing its weight behind Britain with a deal to sell two billion pounds of Made in the U.K. goods to Chinese consumers.
The BFC has teamed with the British Fashion Model Agency Association to help set appropriate working practices for models.