The annual Hackney WickED festival which has been running since 2009 has been cancelled this year because of a lack of funding.

Organisers announced that the three-day festival, normally held in August, will “not go ahead in its full glory for 2015” because of “ever-increasing’ production costs”.

In a statement, the organisers said: “Although the free-natured [sic] spirited, spontaneity and self-expression of the festival will be missed, it is time for the organisation to re-evaluate and adapt to the changing nature of Hackney Wick.”

Instead they are planning to curate a programme of smaller events instead.

Organisers have also been given Arts Council funding to carry out research and get feedback on how much people benefitted from the festival, which promotes local and burgeoning talent.

Arts Council England, Crate Brewery, Here East and other sponsors donated £70,000 in funding last year for the festival which attracted 35,000 visitors.

To have your say see www.surveymonkey.com/s/HWvisitorsurvey.