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More than 100 performers have cancelled appearances at the Great Escape music festival in Brighton in protest over claims that event sponsor Barclays Bank has increased its investment in arms companies that trade with Israel.

According to a report in The Guardian, 120 acts, around a quarter of those booked, have now backed out of performing as part of a campaign led by activist group Bands Boycott Barclays.

In April, the group sent an open letter signed by hundreds of musicians, including Massive Attack, Idles, and Eno, calling for Barclays to drop as the festival's partner.

A spokesperson for Bands Boycott Barclays said: “Barclays is bankrolling the genocide against Palestinians in Gaza and then laundering its reputation by partnering with music festivals like the Great Escape. As musicians, we think that’s despicable.”

Barclays noted a previous statement from its annual general meeting: “Barclays is not a ‘shareholder’ or ‘investor’ … in relation to these companies. We trade in shares of listed companies in response to client instruction or demand, and that may result in us holding shares.”