Organisers of Chelsea's annual festival is in safe hands, after being rescued from the brink by community supporters.
The credit crunch struck June's traditional Chelsea Festival earlier this year when major sponsors pulled out from the annual celebration of Royal Borough culture.
But following intervention from worried residents, it has risen from the ashes and been reborn as Arts Festival Chelsea. Last Monday, it was officially recognised as a charity complete with new sponsors and financial help from individuals.
Festival director Stewart Collins, 51, said: "This has actually been something of a crusade. I couldn't stand the idea that the festival was going to collapse. I just thought: 'We won't allow it to wither'."
Once inspired to do all he could to save it, Mr Collins and his helpers went to the community to gather support from those who have seen the festival grow year after year.
Now, through months of hard work and dedication, it has been officially rescued from the jaws of defeat.
"We now have an incredibly strong group of supporters and people, prepared to help and give it backing.
Everyone has tremendous energy and drive and now it's financial position is guaranteed.
"The festival is crucial for Chelsea and a vital celebration of the community. If things like this are allowed to drop in a recession, then the quality of life gets work," added Mr Collins, speaking from the group's offices in Sydney Street.
Arts Festival Chelsea, although slightly smaller scale than 2008's celebration, will include performances at Cadogan Hall, comedy, concerts, walks and an art exhibition. It will run from June 14 to 24. A new friends organisation is being formed with events scheduled in the lead up to the festival.