The council had already pledged £100,000 for the event, but should not enough sponsorship money be raised to hold the event they will double their pledge to £200,000.
It has been cancelled for the last two years due to the Covid pandemic.
A council spokesperson told the Chronicle: “We can confirm £100,000 has been allocated towards the cost of staging the Tour de Yorkshire, with an additional £100,000 contingency if needed to ensure the event can take place.”
Show your support…
We have been at the heart of our community, every week, since 1858. The town and its people have changed dramatically since then but the Chronicle has been a constant.
It’s our belief that news should be available to everyone regardless of their circumstance. But we need a little helping hand to do so.
Production Editor, Ashley Ball, said: "In an ever changing media world, it’s important that news is reported correctly and without any hidden agenda.
Your support allows us to keep holding decision-makers to account and report on everything that happens in the town, good or bad, fairly."
