The report states that the Department for the Economy confirmed that it would not be possible to progress the interest any further at this moment in time due to a lack of clarity regarding their financial position in the years ahead.
A statement, from the DfE, said: "Unfortunately, due to funding reductions this year and a lack of certainty about the budget position in future years, the Department for the Economy had to take the decision that it could not progress to the development of a feasibility study for the all-island bid to host the
Tour De France, Le Grand Depart in 2026 or 2027."