Overview
- The UK Pride Organisers Network reports that three-quarters of Pride celebrations saw sponsorship declines this year, with one in four losing more than half of their corporate funding.
- GoFundMe recorded an 82% rise in crowdfunding campaigns as organisers seek grassroots support to fill funding gaps.
- Financial strain led to the cancellation of Liverpool Pride and forced other festivals to rely on volunteer-led operations.
- US-based firms such as Amazon and Google have scaled back diversity, equity and inclusion budgets in the UK since February, triggering sponsorship withdrawals.
- Dee Llewellyn of the UK Pride Organisers Network warns the LGBTQ+ community could face up to five years of financial hardship as DEI cuts ripple through global funding models.