This year’s ultimate who’s who of fashion begins as we’ve just discovered who the nominees are for 2011′s British Fashion Awards. Get ready, girls and boys..

The coveted “Designer of the Year” award has three potential nominees: Sarah Burton, who has taken over the helm at Alexander McQueen’s since her predeccessor’s death, Christopher Kane whose collections featured liquid-looking plastic and crochet dresses and Erdem, whose dresses have a delicate fairy-like beauty.

“Designer Brand of The Year” has four designers vying for the award. Burberry, one of London’s favourite fashion houses, is nominated, as is our very own Stella McCartney and Victoria Beckham, whose latest collections have proved that the ex Spice Girl is more than just another famous name tacked onto a fashion project. They will all be going up against the right honorable Tom Ford, who has recently returned to designing womenswear.

“Model of the Year” is between Georgia Jagger, Stella Tennant and Kristen McMenamy. Our money is on Jagger to win – our very own little Brigitte Bardot.

Nominated for the the “Accessory Designer” award is Emma Hill for Mulberry, along with Katie Hillier and shoe designer Charlotte Olympia. We adore all three, but how could Mulberry not bag the award? We’ll have to wait and see to find out if we’re right.

This has been such an exciting season for fashion, and we absolutely cannot wait to see who’s going to snatch the most prestigious awards. The British fashion industry is magical, and we can’t wait to see so many of our favourite names honoured with the awards.

To read the full list of nominations, see here.