The professional cycling race usually takes place over the May bank holiday weekend with three or four stages, but had been postponed twice due to the pandemic and then again due to ‘financial challenges’ last year.
It came just one month after Barnsley Council pledged an additional £100,000 of funding to the race, bringing the total amount of funds allocated by the council to £200,000.
It has now been confirmed the event will not return in its usual format, but instead be a one-day only race.
Robin Scott, owner of Silicon Dales which acquired a number of Welcome To Yorkshire’s assets earlier this year, said: “We couldn’t have tried any harder to get agreement with ASO for the Tour de Yorkshire event, but we needed a partner on the delivery side who wanted the event to go ahead in future.
“In SweetSpot, who organise the Tour of Britain, we have found a partnership which will be good for Yorkshire.”
It is not yet known whether the event will involve Barnsley.