The festival was supposed to form part of a series of one-off events at Pride House – the Olympic base for the lesbian, gay, bisexual and transgender (LGBT) community – but Event revealed last week how the House has been scrapped due to a lack of funding.
Festival organisers are now looking for an alternative base and are expected to make an announcement shortly.
More than 8,500 ticket-holders have been told the show will still go on and their tickets will still be valid at the new location.
A statement on the festival’s Facebook page reads:
"Our beloved Eastern Electrics Festival debut was due to take place on Clapham Common as part of a long run of special one-off events celebrating the Olympics, called Pride House. We've received the unfortunate news that Pride House will no longer be going ahead and despite selling over 50% of our 17,000 allocation of tickets, Eastern Electrics has today found itself homeless.
"After many years of running some of London's most adventurous warehouse parties in the city's greatest spaces, we are very used to the challenges of finding the best space to showcase the music we love. We now have a range of extremely exciting alternative locations and we will make a decision shortly on which is the strongest site capable of delivering the ultimate festival experience, with the ultimate sound! Existing tickets will of course still be valid at the new location. EE0408 is about to get better. The show will go on!"
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