Hay Festival Suspends Sponsorship Deal Amid Controversy Over Links to Israel and Fossil Fuel Firms
In a bold move, Hay Festival has decided to suspend its sponsorship deal with management investment company Baillie Gifford following intense pressure from artists and campaigners. The decision comes after a number of high-profile figures, including singer Charlotte Church and comedian Nish Kumar, pulled out of the festival in protest.
Church, who has been vocal in her support for Palestine, joined calls for a ceasefire in Gaza after Israel launched a military campaign against Hamas. The controversy surrounding Baillie Gifford’s links to Israel and fossil fuel companies led to a wave of withdrawals from the festival lineup, including Labour MP Dawn Butler and economics author Grace Blakeley.
Julie Finch, Hay Festival’s chief executive, emphasized the importance of preserving the festival as a space for open debate and discussion. She acknowledged the power of artists, partners, and audiences in shaping the conversation and expressed gratitude for their engagement.
Baillie Gifford defended its investment practices, stating that it is committed to responsibly analyzing and engaging with the companies in which it invests. The company clarified that it is not a significant fossil fuel investor and highlighted its long-standing support for literature and the arts.
The decision to suspend the sponsorship deal has sparked a larger conversation about ethical investments and the role of arts organizations in promoting social responsibility. As the festival continues to navigate these complex issues, the voices of artists and activists are shaping the future of cultural events like the Hay Festival.
