In a statement, it said the “much-loved festival” was “shaped by its community, returning supporters, artists, traders, crew and the very special setting at Euston Hall”.
”Due to a combination of reduced ticket sales, rising operational costs and ongoing financial pressures, it has not been possible to secure the funding required to deliver this year’s event,” it said.
“These pressures have been compounded by the increasingly challenging environment for independent festivals, including inflation, higher fuel and transport costs, supply chain pressures and the impact of cost-of-living challenges on audiences.
”Opus Restructuring & Insolvency has been engaged to advise the directors, with a view to placing the company into Creditors’…