Underbelly, which runs Hogmanay events in Edinburgh, said it needed access to Princes Street gardens

Edinburgh’s Hogmanay celebrations could be jeopardised if commercial activity is no longer allowed in the public gardens for the festivities, organisers have claimed.

The city’s Christmas and Hogmanay events are worth £150 million to the economy but Underbelly, which runs them, is concerned that they may have to scale down or leave if access to Princes Street gardens is restricted.

Councillors ordered a review after complaints about the impact on the gardens and other public spaces. It was announced after the launch of a campaign to “defend” the city from over-tourism, the privatisation of public space and the impact of “festivalisation”.

Underbelly said it relied on income from market stalls, bars and fairground rides, which open in mid-November, to maintain the scale and