I have come across some great kits for children to make their own soft toys. The kits require no sewing and are very much like the build a bear toys. They come with everything you need, stuffing, a heart and birth certificate, but are much cheaper.
I have bought a couple for Christmas presents and found them at
www.partyteddies.co.uk
They will make great presents for younger children and look to be really good quality. The smaller kit was just £6.90 plus postage so it would be a great small present.