The Association of Independent Festivals, which represents 50 of the UK’s independent music festivals, has released new figures showing that its members’ events have contributed an estimated £1 billion to the UK economy over a four-year period.

Extensive audience research conducted by AIF has also revealed that over 635,000 music fans attended AIF member events in 2014, which ranged from 1,500 capacity Barn On The Farm to 75,000 capacity Isle of Wight Festival, and that last year £296 million was ...