LONDON (CelebrityAccess) — UK music trade commerce group, the Affiliation of Unbiased Festivals, introduced that the variety of music festivals in that nation which have been canceled or closed for good this yr now tops 60.

The newest additions to the checklist consists of Cambridgeshire’s Secret Backyard Get together, who introduced that 2024 was the finale for the occasion, together with Cosmic Roots Pageant (Basingstoke) and Witcombe Pageant (Gloucester) which have been each canceled for 2024.

All advised, the AIF anticipates that greater than 100 festivals disappear in 2024 because of the pressures of unpredictable rising prices. And that’s on high of the 96 festivals that fell by the wayside amid the COVID-19 pandemic.

Because the begin of February, AIF has been calling for reduction from the UK authorities. The AIF’s marketing campaign requires a brief VAT (worth added tax) discount for pageant tickets that may save many occasion promoters from closure.

The variety of festivals pressured to cancel, postpone or shut down solely in 2024, largely due to unpredictable prices and a credit score crunch inside the sector, reveals no indicators of slowing. The pressing want for presidency intervention by way of a brief discount in VAT on ticket gross sales to five% stays. We hope that the brand new Labour authorities will take swift motion to save lots of many profitable pageant companies which might be going through this existential menace,” mentioned AIF CEO John Rostron.

AIF’s full checklist of festivals misplaced in 2024: https://www.fivepercentforfestivals.com/festivals-lost