The Killarney Festival of Music and Food - which was due to take place this weekend - has been cancelled. 

A spokeswomen for the festival said “We are devastated that the festival has been cancelled – we did everything in our power to make it happen this weekend.”

“We would like to extend our sincere apologies to all the festival goers who were planning to attend the event in Killarney and we would like to thank all the local businesses and statutory agencies for their help and support.”

The promoters are currently in discussions with some of the acts, about performing, in an alternative indoor venue in Killarney over the weekend and hope to make an announcement as soon possible.

More than 70 acts were due to feature including Duran Duran - The Stunning - Texas and Jools Holland over two nights. 

The Stunning have tweeted this evening to say the cancellation is a big loss to the Kingdom.

Bad news just in. The whole @Killarney_Music festival has been cancelled. Some local insurance niggle. Big loss to the Kingdom.

— The Stunning (@thestunningband) June 24, 2015

A crowd of 36 thousand had been expected at Killarney House but the event was downsized earlier this week and moved to Killarney racecourse reportedly because of poor ticket sales.