Plans to redevelop and expand the UK port of Bridlington in Yorkshire at a cost of £115m have been put on hold and is subject to a project review due to the cost being too high. The master plan for the scheme would have transformed the existing harbour into a marina with the construction of a new tidal basin for the local fishing fleet, increasing the port’s footprint.

A statement about the Yorkshire Harbour and Marina Project says: “East Riding of Yorkshire Council and Bridlington Harbour Commissioners have agreed to continue working closely together to explore a revised proposal within the town’s harbour area after recent feasibility work – undertaken by internationally-renowned professional services firm Arup – concluded that the current financial climate would mean that initial proposals for the Yorkshire Harbour and Marina Project would not be commercially viable.”

Of the £115m including costs and contingency, the project would have required a substantial amount of external funding to be secured. It would have involved £75m for the new 250-berth marina but would have also required around £40m being spent updating the existing harbour infrastructure. The current fishing fleet is around 70 vessels based at the port.

The statement adds: “The news is extremely disappointing for both organisations, who have been working together since 2015 to try and bring the larger project forward. The council and commissioners had identified a preferred option for the scheme, which would have seen the commercial fishing fleet stay in the existing harbour and a new outer pier constructed to berth leisure craft in a new marina.”

Councillor Stephen Parnaby, leader of East Riding of Yorkshire Council, said: “Working together, the council and Bridlington Harbour Commissioners have advanced plans for the Yorkshire Harbour and Marina Project to a stage never achieved before. It is with a heavy heart that the decision has had to be made to put this game-changing project on hold.

“Throughout the process the council and the commissioners have always looked at developing a scheme that was affordable, workable and deliverable. Unfortunately, due to the current financial climate and the information supplied by Arup, indications are that the scheme would be unaffordable.”