THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
The Papers
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Customer Engagement 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Calla Shoes wins funding from the British Design Fund

Fashion footwear brand Calla Shoes has become one of the first recipients of funding from the British Design Fund, an early stage investment fund for UK… View Article

FASHION

Calla Shoes wins funding from the British Design Fund

Fashion footwear brand Calla Shoes has become one of the first recipients of funding from the British Design Fund, an early stage investment fund for UK start-ups in the product design and manufacturing space.

The fund, which raised more than £500,000 from around 140 investors in its first wave of funding, received applications from more than 100 companies looking for cash as well as mentoring and support to accelerate the growth of their businesses.

Other recipients include Kokoon Technology, the creator of an intelligent headphone and app, and K Tech Manufacturing, the electrical wiring innovator.

Founded by Jennifer Bailey, Calla Shoes offers stylish footwear for women who suffer from bunions. The company will use the funding for strategic marketing with the aim of tripling revenue within a year and hitting the £1 million mark within three years. The funds will also be used to build global sourcing partnerships.

Bailey said: ‘I was acutely aware that Calla needed third party investment to accelerate growth. This has been a long time coming and means the business can grow exponentially quickly, adapting to and meeting the huge demand we have from customers in the UK and abroad, and adding to our range to ensure Calla Shoes remains at the forefront of footwear fashion.”

The British Design Fund, which was set up by the ex-CEO of the Design Council John Mathers, and design entrepreneur Damon Bonser, launched in late 2017 and will see five companies receive investment, with plans for a second, larger fund, to launch in 2018.

Bonser said: “Innovative small businesses like Calla Shoes, Kokoon and KTech represent the best of British business, creating exceptional new design-led products that deliver genuine value to their users. We’re delighted to be supporting their development and growth.”

Mathers added: “Across the UK there are fantastic product start-ups looking to improve people’s lives, but so many of them are left without the necessary support or funding. With almost £72bn generated in 2015 alone from the design sector, it makes no sense why early stage funding is so low for this market. That’s what inspired me to help address this problem and join Damon in launching The Fund.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
SENIOR-LEVEL FORUM FOR HEADS OF MARKETING, DIGITAL, ECOMMERCE AND CX
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Customer Engagement 2020
Future of Customer Engagement 2020
10 June 2020
Cavendish Conference Centre, London W1G 9DT
The 11th Annual Retail Customer Engagement Conference