"This is not a temporary shutdown of business - it is an entire year of income and trade wiped out." Independent music festivals in Britain are at risk of collapsing after coronavirus forced many to cancel their 2020 editions, a new report has warned.
The Association of Independent Festivals (AIF), which represents festivals including 2000trees and Meltdown, has warned that a whole host of events are failing to qualify for the same financial support which has been afforded to businesses during the pandemic and lockdown.
According to the AIF, some 92% of its members warn they face ruinous costs as a result of cancelled events, with the vast majority (98.5%) not covered by insurance for cancellation as a result of coronavirus.