The awards, which take place at London’s Royal Albert Hall on 19 February, will mark the event’s 15th anniversary.
While the likes of Bellowhead and Clannad and the Fisherman’s Friends have been confirmed, other acts will be announced as the date of the event nears.
Alongside the live music, folk music collector Cecil Sharp will be inducted into the Radio 2 Folk Awards Hall of Fame.
Al Booth, editor specialist of music at Radio 2, said: ‘As the country’s most prolific collector of folk music and dance, Cecil Sharp amassed a collection which includes songs and tunes that have been part of the fabric of English life for hundreds of years.
‘Without his work the careers of Martin Carthy, Fairport Convention, Nic Jones and Kate Rusby might have been very different. It is fitting that he should be the first inductee into the Radio 2 Folk Awards Hall of Fame.’
Categories for the awards include folk singer of the year, best duo, best group, best album, horizon award, musician of the year, best original song, best traditional track and BBC Radio 2 young folk award
Tickets for the event are available now from bbc.co.uk/radio2/folkawards.