The trade body its putting its PRide Awards programme on ice as it undergoes spending review.

 The Chartered Institute of Public Relations (CIPR) has made cutbacks after another year of losses, despite growing its revenue by 5.8% and net membership by 5.7%.

The trade body, which celebrated its 75^th anniversary last year, claims to have “strengthened internal controls” following the release of its annual report this year, which showed losses of £207,854. The report pointed to an underperforming new on-demand learning platform and low bookings to its PRide Awards, which will be suspended, along with a “sharp downturn” in training demand.

The CIPR reported similar challenges in 2023, with a reported loss of £71,933. In a press release, CIPR CEO Alistair McCapra said that the body’s “finances show it has been a year of mixed results with the significant financial loss we made”.

He added: “We have put measures into place to ensure that isn't repeated.”