In 1998, dave Pegg formed The Dylan Project, a Bob Dylan tribute band with Simon Nicol, PJ Wright, Steve Gibbons, and Gerry Conway. In 2006, Nicol was replaced by Birmingham keyboard player Phil Bond.
They tour annually in the autumn and have produced two studio albums and a live album recorded at Cropredy Festival.
albums : The Dylan Project ~~~ The Dylan Project 2
http://en.wikipedia.org/wiki/Dave_Pegg#Focusing_on_Fairport_1995-present
http://www.dylanproject.co.uk/