The organisers of the Beyond the Pale festival say they were forced to halt work after running into a cash flow problem.
Over the weekend there were reports the Co. Wicklow event was going to be cancelled as work on the stages was stopped.
There were even suggestions some of the staging was being dismantled triggering fears the organisers behind the event had pulled the plug.
But at the last moment, the organisers say "a very highly-regarded operator" helped them get the finance they needed.
In a statement issued on Monday, the festival organisers thanked their supporters for "bearing with us over the past two days".
They admitted the event, which is being headlined by Moloko lead singer Róisín Murphy, was perilously close to being called off after "a piece of expected finance" fell through.
"We want to share more about what happened and to reassure everybody that the festival is secure and we are full throttle for next weekend and beyond," the organisers wrote in their statement.
"A festival needs significant cashflow over the festival month. It’s a huge challenge for all festivals in their first few years, and this week, an essential piece of expected finance that would have helped us through the period fell through.
"Whilst we had not made any announcement we were cancelling, we did have to pause the work that was happening on site.
"As it happens, the online chatter led to us being approached by a very highly-regarded operator who sympathised with the struggles of putting on events as an independent operator, and offered to help."
It continued: "We spent the day figuring it out together, and then put out a short public statement the moment we could.
"To reassure ticket holders, artists, vendors and everyone else involved: The festival is going ahead as planned, with the same infrastructure, line-up, safety and experience that everybody expects.
"The next few days are going to be very busy, but we will be ready to open the campsites at noon and the arena at 4.30pm on Friday.

"It was incredible to see so much support for the event over the day, and it was this passion - from all of you on social media, on site and beyond - that put the wheels in motion for us to get the show golden for next weekend."
The statement signed off: "So - we all did this together. Thank you all. Your support means everything to our team. Let’s have the party of a lifetime,” The Beyond the Pale Festival Organisers".











