Pride events are facing a funding crisis. Here's why
UK Pride events are facing a "critical" funding crisis, with 75 per cent experiencing a decline in corporate sponsorships this year.
This drop in funding, with a quarter seeing cuts over 50 per cent, is attributed to the impact of Donald Trump 's assault on diversity, equity, and inclusion (DEI) policies in the US, affecting global corporations.
As a result, many Pride organisers are increasingly relying on crowdfunding, with GoFundMe reporting an 82 per cent increase in such efforts, while some major events like Liverpool Pride have been cancelled.
Experts suggest that "the golden era of corporate sponsorship might be over" for LGBTQ+ organisations, noting that corporate involvement was often a "marriage of convenience".
Despite the financial challenges, organisers say that Pride, rooted in protest, will persist as an essential safe space for the LGBTQ+ community.
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