Despite 2012 being a tough year for music festivals, with many big names falling by the wayside, plans are moving ahead for another eclectic Bingley Music Live event this summer.

Held at Myrtle Park, the three-day festival held at the end of August has attracted tens of thousands of people to the town for the past five years.

Although no artists have been announced yet, organiser Andrew Wood is in the process of looking for a line-up that will mix both well-established names with up and comers, and mainstream hitmakers with eclectic underground acts.

Bingley Live 2012 was nominated for an award for best medium sized festival at December’s UK Festival Awards. While it didn’t scoop the honour, Mr Wood says just to be nominated against such strong competition showed how the festival had grown.

It was headlined by The Charlatans, Razorlight and Nero, featured an appearance by soul legend Martha Reeves and introduced many music fans to Jake Bugg. The hotly-tipped indie star has since become a chart sensation, with a number one album.

Last year, high-profile festivals like Sonisphere and The Big Chill were cancelled, with a mix of unpredictable weather and less disposable income blamed. While fewer people attended Bingley last year, Mr Wood said plans for this summer were gathering steam.

He said: “We are already putting feelers out to see who is doing the rounds this summer and plans are moving ahead. We are working towards another good event, but plans are still in their infancy. Last year was very challenging. The weather hampered things. I could tell it was a tough year when speaking to people at the festival awards last month. Every festival seemed to suffer. Insurance premiums covering cancellation and abandonment almost doubled last year and they will probably rise again.”

But he remains upbeat about the festival’s future.

“Last year we added another stage and that was great because we had some real breakthrough artists,” he said. “We had Jake Bugg last year and I know people who have tried to book him since and the cost has gone through the roof. His popularity is deserved. He is a very humble young man.”

“We like to have a broad demographic and a mix of musical genres, established acts, up and comers and local artists. Sometimes getting acts is difficult because there is a lot of competition. Leeds Festival is just a few miles away and if a band is in the top eight on the bill we can’t make an offer for them.”

This year’s event takes place from August 30 to September 1.