Festivals do not always fold because of financial reasons. I was involved with organising Crewe and Nantwich festival 1976 to 1980, and it continued for a few years after my involvement. Then it returned in the 1980s with new organisers. Certainly, in its first phase, it ended because the organisers had other things to do - such as families, careers etc. Nantwich now hosts an annual Jazz and Blues festival at Easter time, and a Words and Music festival in October. Things change.

Derek