The Riverside Festival Committee has given itself until February to raise the money it needs to stage next year’s festival.
That gives members less than four months to try and come up with the £8,000 funding shortfall.
“Since the article in the Standard we have had lots of phone calls and emails of support and offers of help,” said committee chairman Tim Davies.
“We have £3,000 in the bank. Last year it cost us £11,000 to put the festival on so we are looking to make up a shortfall of £8,000.”
“We have come up with the idea to go on as normal and if we’ve not raised enough money by February,we will write to everyone and tell them the festival isn’t going ahead,” he added.
Next year’s festival, if it goes ahead, would be the 13th. Since it started it has grown into the third largest festival in Lincolnshire, welcoming thousands of visitors from far and wide.
“I have been involved with the festival for the last six years and am very proud to be a part of it,” continued Tim.
“The support is out there. People in Gainsborough don’t want to see the festival fold, but it is going to be a lot of hard work.”
Some members of the committee warned that offers of help may not necessarily be acted on.
And others questioned the extent of the public’s support for the event, after a bucket collection at this year’s festival raised just £40 in donations.
Festival secretary Caz Davies said she and two other volunteers would be taking on the task of completing the large amounts of paperwork that needed to be done to meet safety requirements.
“I am happy to spend the hours doing it because I want the festival to go ahead,” she said.
“But if we are working hard to put fundraising events on then we need committee members and the public to come along and support us.”
“We have got some great ideas on how to go about raising the money, but we will need help to make them work.”
“Even if people can only commit half an hour, it all helps.”
Speaking after the meeting festival committee member Trevor Halstead said he would be putting a collection bucket out in his shop, Church Street Cycles.
“If every adult in the town donated just £1, then that would be more than enough to secure the future of the festival for 2014,” he said.
“The collection bucket will be on the counter in my shop and I will make sure any donations are passed on to committee.”
The committee is planning a number of fundraising events in the coming weeks.
To get involved with fundraising or to volunteer with the festival committee, email firstname.lastname@example.org