The British Fashion Council (BFC) has revealed the seven fashion houses that are shortlisted for the BFC/Vogue Designer Fashion Fund 2017: Huishan Zhang, Mother of Pearl, Osman, palmer//harding, Shrimps, Sophie Hulme and Toogood. Unlike in previous editions, there is a possibility that this year's prize – Dhs915,000 as well as a mentoring programme – will be shared between three deserving winners.

"We are so fortunate to have an amazing pool of talent in London and this year's shortlist is no exception," said Caroline Rush, Chief Executive of the British Fashion Council. "All the designers have demonstrated incredible talent and strong business skills. I believe they all have the potential to become the UK's next global brands and the new format of the Fund will help them achieve that goal."

The winner of the BFC/Vogue Designer Fashion Fund 2017 will be announced on April 4. As well, read about Victoria Beckham and Anya Hidmarch's inclusion into the Queen's New Year's Honour List for 2017