Businesses up and down the country are saving around £1000 due to cancelled Christmas parties this year, research by Big Issue North reveals.
The not-for-profit organisation has found that businesses have instead chosen to put these saved pennies to beneficial uses.
Kayo Digital, a Digital Agency based in Kent, is donating money that would have been spent on a Christmas party to Swale Food Bank.
Managing Director, Richard Pilton, said: “We realised that an office party is just not feasible this year. So, we decided it would be far better to use the money to bring some Christmas cheer to people who could really use it.
“It’s been a tough year for everyone, but for some, it’s been much tougher. We don’t want to see anyone going without at this time of year, which is why we’ve chosen to use our party budget to support the great work done by Swale Food Bank.”
Mr Pilton added: “We’d love to see other companies doing the same by donating their party money to a charity of their choice. Even if your usual celebration is just a round of hot chocolates for the office, if all businesses join our #festivepledge, imagine the difference we could make.”
Due to not being able to have a festive party, Kayo Digital has revealed that they have saved approximately £1,000 in costs.
London-based digital publication, Psychreg, has also talked about the benefits of a cancelled work Christmas party this year.
Founder Dennis Relojo-Howell said: “Although this is our first year of business, we decided not to have a Christmas party because it’s likely to be a virtual party and it’s not the same as a physical one. One of the benefits is that we can look forward to next year’s party and spend more time with families this year.”
He added: “My small team and I would have been spending around £300 at a local pub. We just decided to save the money for a future team building next year, COVID-permitting.”
Similarly, Dakari Morgan-Griffiths, Founder of music organisation HOW2RGR, said: “With us not spending on Christmas parties, we’re saving having to spend just over £1,000.
“We will be using any funds withheld for the likes of promoting the business, developing more accessible lessons online, and providing free material to our audience.”
With the large amounts of money that companies are saving, the team at Big Issue North are asking business owners to subscribe to their newly launched publication, The New Issue.
Through subscribing to this coffee table magazine, or doing some of your Secret Santa shopping on Big Issue North’s online store, businesses will be helping the charity’s vulnerable vendors who have faced a rather awful year.
Fay Selvan, publisher of The New Issue, said: “The real advantage to subscribing to The New Issue is that readers can get the opportunity to consume great journalism, and change lives at the same time.
“At Big Issue North, we pride ourselves in supporting vulnerable people through selling our magazines, and producing great content through our journalism”.