Organisers of the Cambridge Literary Festival are searching for a new major sponsor after investment fund Baillie Gifford cancelled all of its remaining sponsorship deals with literary festivals. The withdrawal of sponsorship comes after growing pressure from the campaign group Fossil Free Books, which demanded the fund manager stop any investments in the fossil fuel industry and that it divest from companies linked to Israel. The campaigners said this was because “solidarity with Palestine and climate justice are inextricably linked”. Last month, both the Hay Festival and the Edinburgh Intern…