Baillie Gifford's Decision to Cancel Sponsorships Raises Controversy

Baillie Gifford's Sponsorship Cancellations

Baillie Gifford recently announced the cancellation of all remaining sponsorships of literary festivals in Cambridge, Stratford, Wigtown, and Henley.

• Controversial Decision: The firm's move comes after protests over perceived links to Israel and fossil fuel industries.
• Impact on Festivals: The affected festivals now face uncertainty and potential financial challenges.

The sudden cancellation of sponsorships has drawn divided reactions from the public and raised questions about corporate responsibility in cultural partnerships.