London Fashion Week is funded by the Greater London Assembly (London Development Agency in 2007-8) out of European Regional Development Grant. In other countries like Portugal it is used to help local manufacturers co-operate, train and export.
UK government spends the money in a different way. Centre back at London Fashion Week is Gallahad Clark selling his "arguably more democratic" shoes made in China and centre forward is probably Elizabeth Laskar of Ethical Fashion Forum turning-down awkward members. The money is syphoned-off to promote Chinese factories rather than develop any region of Europe.
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