BCI secures funding from German government - sportstextiles: Lea SportsTextiles

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BCI secures funding from German government

25/01/2017
The German Federal Ministry for Economic Cooperation and Development (BMZ) has awarded a grant worth €2 million to the Better Cotton Initiative (BCI), a non-profit organisation that works to promote greater sustainability in global cotton production. 

The money will support The Growth and Innovation Fund (GIF), the BCI’s global investment vehicle for supporting Better Cotton projects around the world. It aims to reach 5 million farmers, who account for 30% of global cotton production, by 2020. 

The GIF invested more than €5 million in projects in 2016, and the BCI says the grant from BMZ will enable a “significant scaling-up” of its activities in 2017. 

“Making globalisation socially and environmentally fair – that is our common goal, both in our Textiles Partnership and in the Better Cotton Initiative. BCI is a leader in the effort to achieve better environmental and social standards in cotton production,” said Dr Gerd Müller, German Federal Minister for Economic Cooperation and Development.

Alan McClay, CEO of the BCI, said the organisation was delighted to welcome BMZ as a funding partner, adding that we looking forward to “working closely with BMZ as a key partner in achieving our goals”. 

Related stories:

BCI Global Cotton Conference heads to Shanghai 23/08/2018
BCI announces inaugural conference 16/01/2017
BCI to train cotton farmers in Pakistan 08/09/2016
Adidas exceeds Better Cotton target 25/02/2016
Better Cotton requests feedback on new standard 09/12/2015
Better Cotton boosted farmer numbers by 79% last year 25/11/2015
BCI welcomes big brands’ commitment to Better Cotton 19/10/2015
Better Cotton cements contract sanctity with ICA pledge 05/05/2015

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