YN Business Dinner raises over £44,000 for Norwood 16 May 2012 Press Release The impact of the current recession and Euro crisis on the British economy was amongst a range of topics up for debate at the YN Business, Finance & Entrepreneurs committee’s first dinner last night. More than 200 young professionals attended the fundraiser at Le Méridien Hotel Piccadilly, which raised over £44,000 for Norwood. The event featured a lively discussion between James Averdieck, Founder of the Gü dessert company and David Tyler, Chairman of J Sainsbury plc. The panel was chaired by Daniel Franklin, Executive Editor of The Economist. The evening, which also included a drinks and canapés reception, provided a great opportunity for YN supporters to network while raising vital funds for Norwood, which supports people with learning disabilities, and children and families in need. The panel focussed on the impact of the current economic recession and the high costs of energy and petrol on the British consumer. David Tyler stated: "People are changing their buying behaviour- shopping more often at local stores but buying less and cutting back on luxuries." James Averdieck, inspired by his recent trip to China expressed a more hopeful view: "Once the recession is out of the way we can move on to a more rational economy with a propensity to get things done. I am a short term pessimist, but a long term optimist!" The panel also commented on the social media IPO appetite and offered some advice for young entrepreneurs around the room, with David suggesting that: "If you have a passion for whatever business you are in, there is more chance you will succeed." James also added: "Britain is an entrepreneurial country with big ideas-we need to find a way of just doing it!" The Gü entrepreneur also highlighted the importance of helping Charities during the financial crisis: "The state of the economy and recent public spending cuts means that we have people desperate for food these days and that doesn’t say much for our society. But it is the reason why we need to support charities like Norwood." A new iPad and a Business Lunch as guests of David Tyler, Chairman of J Sainsbury plc were also up for grabs for the evening’s auction and raffle which collectively raised £6,000 for the Charity. YN Fundraiser Danielle Ben-Zion said: "The panel covered a lot of ground and touched on a number of worrying and topical issues, and I think everyone will agree that they provided a thought provoking and entertaining discussion. "It was a fantastic evening for all who took part and I would like to thank the YN Business, Finance & Entrepreneurs committee for all their dedication and hard work in making it such a great event. I would also like to thank our hosts, Le Méridien Hotel, our special guests, David Tyler, James Averdieck, and Daniel Franklin, and most importantly, our guests, whose generosity will enable Norwood to continue providing vital services to some of the most vulnerable people in our community."