The East of England Show in Peterborough has struggled to attract visitors in recent years and after financial losses in 2012 has been scrapped.
In the past it has been the biggest agricultural show in the region with the attendance topping more than 100,000 over the three-day event.
Click below to watch a report from ITV Anglia in 2004 which looked at the history of the show.
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Councils are examining their budgets and deciding where savings and cuts can be made as government funding is to be cut by 14% next year.
Rain will turn steady and occasionally heavy after midnight before clearing early tomorrow. Sunnier but colder weather then returns.
The very mild weather will continue during the rest of today before it turns wet overnight. Tomorrow will be sunnier but also colder.