The Dundrennan event, famous for its burning Wickerman and laid-back atmosphere, is estimated to have created an economic benefit of £5m-plus for the Dumfries and Galloway economy in the period 2005-2008.
The nominations for the UK Festivals Awards are in the following categories: 'Best Grass Roots Festival', 'Best Medium Sized Festival', Best Festival Line-Up', 'Best Toilets' and 'Best Family Friendly Festival'.
In 2007, the Wickerman did win the Best Grass Roots Festival Award, so its success in achieving five nominations in 2008 is highly commendable, but not totally unexpected.
The Wickerman Festival management team work closely with Dumfries and Galloway Council, which identified the festival as one of the original Beacon Events for Dumfries and Galloway: that is, one of a small group of events that have important economic regeneration and international tourism potential.
Since achieving Beacon Event status, the Wickerman has gone from strength to strength in its programming and customer service.
Gill Dykes, the council's events champion, said: "It is terrific to see the Wickerman Festival receive this recognition for its excellence across the board.
"The festival has a wonderful site and plenty of space for festival-goers to enjoy themselves, as well as quality music and entertainment. The council has been pleased to work in partnership with the Wickerman Festival as a Beacon Event since 2005 to develop its economic potential."
Voting for the awards is down to the public.
If you would like to vote in these awards go to www.festivalsawards.com then look for the Wickerman in the A to Z list (under The Wickerman) and click on your choices.
The deadline for voting is 20 October.
The category winners will be invited to a glittering celebration at the O2 arena in London.