Bond has put in place a cost-saving drive that will see its staffing level cut and the NGO membership organisation relinquish its permanent office space.

The international aid sector body says the moves are necessary “to ensure long-term financial sustainability while continuing to serve its members and the wider international development and NGO sector effectively”.

To reduce its staffing level, it is not replacing some vacancies and instead combining some roles that will be filled internally.

It has also decided not to renew the lease on its office space at the NCVO Society Building in London, which ends this month. Instead, it will relocate to a shared, collaborative workspace at Impact Hub Euston.

“At a time of increased financial pressure across the development and humanitarian sector, yet increasing need for support globally, we’ve made some difficult but necessary changes to ensure we remain a supportive, impactful and resilient organisation,” said Bond chief executive Romilly Greenhill.

“These steps will strengthen our financial position and enable us to continue delivering high-quality support for our members and the wider sector.”

The cost cutting move by Bond comes amid cuts by the government to its international aid budget. In February ministers announced that aid spending will be cut from 0.5% of GDP to 0.3% to fund a hike in defence spending.

Greenhill said at the time that the move was “short-sighted and appalling” She added: “Slashing the already diminished UK aid budget to fund an uplift in defence is a reckless decision that will have devastating consequences for millions of marginalised people worldwide.”

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