Darren Clarke
The 2011 English Open at St Mellion has been cancelled amid growing concerns over the viability of professional golf tournaments in England after organisers said they were unable to raise the £2m sponsorship needed to host the event in August.
Over the past two years £20m has been invested in upgrading St Mellion's course and facilities.
The PGA and the Open Championship will now be the only professional events held in England in 2011.
The English Open has not been played as part of the European Tour since 2002, Darren Clarke winning the last event at the Forest of Arden and the tournament was due to return to the European schedule at St Mellion in 2009, but was postponed for two years after developers suffered financial difficulties.
However, problems raising money have struck once again, as Stephen Towers, resort director at St Mellion told BBC Radio Cornwall.
"We'd need a headline sponsor to bring in over £1m to stage this event," he said, "So going out there and finding sponsorship we're looking at the high-end blue-chip companies, but a lot are involved in Olympic sponsorship and many others are curtailing their spending back with the current economic times."
The economic benefits of staging a professional golf tournament are substantial - last year's Ryder Cup at Celtic Manor brought in £84.5m to the Welsh economy.
