The following statement was posting on the event's website: This is the hardest decision we have ever had to make, but it is with great regret that we have had to cancel ProgPower UK III. We have made no secret of the financial difficulties that have dogged our first two years, which is why we made a significant number of changes for year three. However, ticket sales have been extremely poor and, as a result, there is no way we can stage the festival without losing a substantial amount of money � again.
This decision has not been taken lightly and we are fully aware of both the disappointment and inconvenience it will cause. However, we simply cannot afford to keep pumping money into ProgPower UK and we can assure you that we are as disappointed about this as you no doubt are. As a result of this, ProgPower UK LLP will cease trading with immediate effect. - more on this story
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