RFP - Developmental Evaluation of the Good Fashion Fund
C&A Foundation and Fount (Fund Manager) call for proposals for a Developmental Evaluation (DE) of the Good Fashion Fund (GFF).
The GFF was set up in mid-2019 to invest in the adoption of high-impact and disruptive technologies, and circular innovations in the apparel and footwear production industry in Asia. The key objectives are to:
- Generate substantial and measurable environmental and social impact of apparel and footwear manufacturing
- Finance the implementation of high-impact and disruptive technologies to drive mainstream adoption
The investment thesis is – to assist manufacturers and operators in building restorative and regenerative apparel supply chains. In practice, this means development and/or adoption of recyclable and safe materials, renewable and efficient energy, closed loop manufacturing and the creation of fair jobs and growth inter alia.
The target investees are manufacturing companies based in Bangladesh, India and Vietnam. GFF will provide loans to investee companies in the range of USD 1 to 5 million. C&A Foundation is an anchor investor alongside The Mills Fabrica in the GFF, with an initial ‘close’ and starting capital of USD 12.4 million. The first close is targeted at approximately 27 million Euro (USD 30m) with a final close of 54 million Euro (USD 60m). The GFF investment term is 10 years.
Initially the DE will run from mid-2020 to mid-2023 (3 years) with planned renewal for further years – hence this is a long-term evaluation and learning engagement that will accompany the Fount team managing the GFF impact investments, and other stakeholders.
The deadline for proposals is 10 February.