Funders interested in the food system, sustainable agriculture, soil health, carbon sequestration, environmental health, and economic justice have many compelling reasons to expand their focus to the fiber and textile system.
Food and fibers—including both plant-based fibers like cotton and hemp and animal-based products like wool and leather—are both part of an interconnected system with many linked impacts on health, social justice, and the environment.
Recognizing these critical connections, Sustainable Agriculture and Food Systems Funders (SAFSF) has played a leading role in the development of funder interest and information-sharing on the intersections between sustainable agriculture and food systems and fiber systems since 2013. The SAFSF Special Project on Sustainable Fibers and Textiles launched in 2019 to build on this momentum.
Integrated Capital Fibers Fund
Since the project’s launch, one recurring theme has been the significant capital gap faced by U.S.-based fiber producers and processors. Currently, “market-rate” returns from global textile industry investments actually reflect a risky reliance on the global oil and gas industry as a feedstock, the pervasive use of extractive labor practices, and a host of externalized social and environmental costs. At the same time, U.S.-based fiber producers and processors struggle to access capital to pioneer more just, equitable, and regenerative practices. The SAFSF Fibers Roadmap and its 12 Case Studies (see below) mapped these financing gaps across a range of fibers and geographies, and the Roadmap report called for the creation of an integrated capital fund to deploy a full range of financing types for the fiber sector.
Earlier this year, the SAFSF Fibers team began working under an MOU with our partners at Fibershed’s Regional Fiber Manufacturing Initiative to develop and launch the Integrated Capital Fibers Fund. We are working with Mission Driven Finance as our implementing partner for the fund, drawing on their detailed expertise in launching and managing community-based funds.
The ICFF is being designed as a $10M flexible and catalytic financing vehicle tailored to the needs of smaller U.S. natural fiber and textile producers and processors, with a specific focus on environmental equity. We aim to have the Fibers Fund asset pool set up this fall and look forward to sharing more updates soon! Contact us for more info: Sarah Kelley, [email protected].
The Fibers Roadmap: Integrated Capital Opportunities to Support Revitalization of U.S.-Grown Fiber, Textiles, and Leather
2020 SAFSF report lays out a seven-year vision for values-based investment and funding needed to support regenerative fiber agriculture and revitalize U.S.-based textile processing and manufacturing.
Full case studies of the innovative, place-based fiber system businesses highlighted in The Fibers Roadmap.
2017 SAFSF report on history and background of how the food and fiber systems are interconnected.
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