ORGANISERS of the Abergavenny Food Festival have applied for a £25,000 loan from the local authority after coming into financial difficulties.
The festival was forced to cancel its Christmas market on December 10 after heavy snowfall posed a risk to public safety.
Together with its regular festival in September, the two events attract thousands of visitors to Abergavenny each year and generates £4 million for the local economy.
Famous chefs such as Hugh Hugh Fearnley-Whittingstall and Tom Parker Bowles have previously appeared at the festival.
And as the event prepares to celebrate its 20th year, the organisation are seeking the one-off loan to cover the cancellation costs and restructure its finances.
The loan would be interest-free and would be paid back to Monmouthshire County Council over a four-year period.
A Monmouthshire County Council report said that providing the one-off loan would recognise an organisation that is "working to make Abergavenny a better place".
"The festival has also had a big impact in determining Monmouthshire’s reputation as the ‘Food Capital of Wales’," it adds.
A decision on the loan will be made by the council's deputy leader, Cllr Bob Greenland, this Wednesday.
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