Keeping that liquidity had been a key aim, he explained. A hard-won insurance claim of £691k against the cancellation of last year’s show cushioned the charity but they were looking at the flexibility of the business model for an events-driven charity with the show at its heart.
“We do need to invest in new incomes streams for TPEL,” he told members. These would fill the “trough” months and help put it on a firmer footing, he said.
“The year very much has been the impact of the
Outgoing SAA chairman David Nunn told members: “It’s been a very difficult year, and just a year of survival.”
Suffolk Show organisers are looking to diversify in the wake of the coronavirus pandemic
- Credit: Archant
Organisers of the Suffolk Show have had to tighten their belt following the collapse of events in the wake of the coronavirus crisis.
With little to no income coming in other than from investments, and two successive shows cancelled, Ipswich-based farm charity Suffolk Agricultural Association (SAA) took the “difficult decision” to shed eight jobs in November 2020, slashing the workforce by 30%, trustees revealed in their report to members.
Luckily, an insurance payout of nearly £691k cushioned the blow after the cancellation of the 2020 show, but trustees have also decided that to go ahead with a June 2021 show would be “reckless”.
Suffolk Show organisers are looking to diversify in the wake of the coronavirus pandemic
- Credit: Archant
Organisers of the Suffolk Show have had to tighten their belt following the collapse of events in the wake of the coronavirus crisis.
With little to no income coming in other than from investments, and two successive shows cancelled, Ipswich-based farm charity Suffolk Agricultural Association (SAA) took the “difficult decision” to shed eight jobs in November 2020, slashing the workforce by 30%, trustees revealed in their report to members.
Luckily, an insurance payout of nearly £691k cushioned the blow after the cancellation of the 2020 show, but trustees have also decided that to go ahead with a June 2021 show would be “reckless”.