VENDOR WEEK
New figures show how Big Issue Group (BIG) has tackled the cost of living crisis head on by supporting thousands of people affected by poverty to earn and find employment in the last year.
Almost 4,000 people were given the opportunity to change their lives through enterprise in the previous 12 months across the group’s services, including by selling the magazine or being helped into work through Big Issue Recruit (BIR).
The figures, released as BIG puts the spotlight on vendors for National Vendor Week, show that the number of people the group has helped grew by 8% year-on-year as the cost of living crisis continued to bite.
That work has resulted in the delivery of £5.3 million of social value to the UK economy – including £4m generated through sales of The Big Issue magazine and £1.3m through BIR’s work to help marginalised individuals move into the full-time workplace.
BIG CEO Paul Cheal said the statistics show that Big Issue’s model could demonstrate how to help people affected by poverty into sustainable employment.
“We believe that the government’s Back to Work scheme requires further consideration and enhancement to truly serve the needs of marginalised people,” said Cheal.
“There is a huge opportunity to get more people into work and generate an enormous amount of social value in the UK.”
Overall, BIG supported 3,716 vendors to earn an income, delivered 1,400 hours of employability and skills training to marginalised individuals, and enabled 85 individuals to access new forms of employment through its BIR service.
That comes at a time when inflation and rising prices have hit households hard and pushed more into poverty, while stagnation has pushed the UK economy into a recession.
There has been a 148% increase in the number of people experiencing destitution since 2017, while 3.8 million are living in the deepest levels of poverty and struggling to afford essentials.
As of July 2023, 520,000 people were facing unemployment across the UK for six months or more – making up 35% of all individuals who are without work.
However, with nearly one million job vacancies in the UK and 531,200 skill-shortage vacancies in 2022, BIG’s success shows the potential of helping more people into sustainable work, Cheal added.
“If those 520,000 individuals could
