Electric Picnic organisers unable to secure insurance to cover cancelled 2021 festival

Elbow perform on the main stage at Electric Picnic in 2017.

The organisers of the Electric Picnic festival have been left out-of-pocket after they were unable to secure insurance to cover the prospect of the event being cancelled.

Organisers also say they have adopted a "wait and see" approach to next year's live music calendar, and say it will be 2023 before a full return to new shows can be expected.