The Edinburgh Fringe Festival may be one of the biggest parties in Scotland, but despite its close, the Scots are still celebrating; the SAC has funded another 48 festivals, which will see the nation continue to celebrate throughout 2002. From the St Magnus Festival in Orkney to the Harris Arts Festival on the Isle of Harris, from Glasgay! in Glasgow to Speyfest in Moray, locals and tourists alike are to be treated to celebrations of music, song, craft and dance. According to the SAC, one of the ‘not to be missed’ festivals is StAnza – a one-day poetry extravaganza being held in St.Andrews in October. Headlined by Liz Lochead, who is to receive an honorary degree from St Andrews University this year, the festival is set to give audiences their first opportunity to hear the renowned writer perform on the stage of the new Byre Theatre. Another highlight for the SAC is their first time sponsorship of Glasgay!, billed as the UK’s largest, most diverse and most prestigious festival of lesbian, gay, bisexual and transgender arts. Like the Edinburgh Fringe, much of the festivals generate additional income and increased visitor numbers to the respective communities. Donald Boyle, of the Isle of Arran Festival, has commented that 'this fantastic investment, of relatively little money, has produced many tangible benefits and a myriad spin-offs which have greatly improved the quality of the Arran experience for many.' Such a point has been reflected by VisitScotland in their tourism statistics for 2001; these note that nearly a quarter of all the money spent by holiday makers is on cultural activities, with well over half of overseas holiday makers including a visit to a cultural activity during their travels.