Truro's bid to become European Capital of Culture in 2023 has been officially dropped by Cornwall Council.
The city was in the running for the title alongside Leeds, Milton Keynes and Dundee after councillors previously voted 8 to 1 in favour of going forward in the selection process.
The bid was expected to cost £500,000 but would have been rewarded with jobs, investment and an economic boost.
But the new leader of Cornwall Council Adam Paynter decided it would not be right to go ahead with the process with such little time left to put together a bid.
A statement released by Cornwall Council said:
In his speech at the Council’s Annual meeting on 23 May, the new Leader Adam Paynter articulated the importance of culture and creative industries in Cornwall and their role in Cornwall's distinctiveness.
The city is most famous for its annual Festival of Lights and attractions like the Eden Project which was in support of the bid.