The number of music festivals cancelled, postponed or closed for good this year has risen to 50, according to a representative body for independent events.

The Association of Independent Festivals (AIF) shared the latest figure as Geronimo, a family festival held in Cheshire, announced the event is “no more”, having become an “unsustainable financial risk” due to “a huge percentage of festival-goers holding off booking until the last week”.

In a statement shared on social media,…