Plymouth music festival cancelled due to financial pressures

The 1 Big Summer Festival in Plymouth will not go ahead this year due to the cost-of-living crisis, organisers have announced.

The festival was due to be held in Hoe on 25-26 August, but financial pressures for both organisers and visitors have been cited as the reason for its cancellation, the BBC reported.

“A perfect storm of rising costs, reduction in sponsorship income, an end of support for tourism and hospitality such as VAT reductions, and an unprecedented strain on people's disposable income have sadly left the event untenable for this year,” organisers said in a statement.

People who have already purchased tickets will be refunded within 21 days.