The festival, as it was last year, is being staged at St Catherines Church.
The aim of the festival has always been to keep arts and crafts alive in Ventnor.
Visitors can admire the entries, as well as buy items from the wide variety of stallholders.
There will be a Tombola, craft sales and refreshments.
Admission is £1 for adults, free for children, and 50pm for competitors and exhibitors.
