It depends on how much money you have to spend ...............

If you have an unlimited amount of money for artists or if you are eligible for a large amount of lottery funding

If you have local authority backing and are not restricted by cost of venues

If you are appealing to a folk population that have lots of money to spend

If you are not bothered about what effect your festival might have on smaller more established festivals

Then go ahead .... the world is your oyster.

If you have to think about any of the above ... tread carefully