Overview

• Richard Harpin, a long-time Conservative donor and founder of HomeServe, has paused his financial support, ending regular monthly contributions of £33,000.
• The withdrawal of Harpin’s funding jeopardizes the operation of the party’s northern headquarters in Leeds, which his donations have sustained since 2022.
• Kemi Badenoch, the party leader, has acknowledged the financial pressures and emphasized renewed fundraising efforts and spending efficiency.
• The funding shortfall follows the Conservative Party’s significant electoral defeat and increased competition for donors, with some shifting allegiance to Reform UK.
• Harpin's decision highlights broader challenges for the party, including reduced staff numbers and questions about the sustainability of its financial strategy.