Jane Shepherdson, Topshop's former brand director, is launching a venture capital fund for young designers. The Fashion Enterprise Fund is a joint venture with Jaeger owner Harold Tillman. The fund will split profits between designers, investors and the London College of Fashion. Originally, the LFC had set up the Centre for Fashion Enterprise - the organisation's governing body - in 2003 to support up and coming designers like Marios Scwab, Basso & Brooke and Manish Arora. The goal of the new enterprise is to establish London as a major international player on the fashion scene. "Investors find it notoriously difficult to place a value on a young creative brand," Tillman told Vogue. He himself is a graduate of the LFC. "London is a hotbed of creativity but starved of funds leading to home-grown talent deciding to fly the nest. We will do all we can to prevent this." British talents like Alexander McQueen and John Galliano long ago transferred their business and talent to Paris, where they were far better able to develop their gift.