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Pete Tong and the orchestra were due to embark on a tour this December

The news follows the 24-hour sell out of EDC Las Vegas 2021

The House and Garage Orchestra will also play the theatre in early 2021

It's the first service of its kind to be introduced for event organisers in the UK 

The figure was revealed in a UK Music report that also estimates musicians will lose 65% of their income in 2020

"The failure of the UK Government to recognise the devastating impact of their actions on this sector is a tragedy for UK Culture"

Th physical festival had been originally scheduled to take place earlier this month

Organisers have set a target of £200,000

The fund is for "professional musicians who fall through the gaps of government support or are unable to make ends meet"