We understand that the City of London Festival has shut down after 53 years.
Two months before opening night, no programme has been announced and the website is bare of events. No corporate sponsors have been flagged up for 2016.
We hear that the director, Paul Gudgin, has departed. His Facebook page describes him as ‘former director at City of London Festival’. A source says he left some months ago.
There will be no festival this summer and the board is about to announce that the organisation is to be discontinued. A source tells us that ‘the fundraising landscape became too difficult’.
UPDATE: The closure is officially confirmed.