Sheffield has lost out on its bid to host the £5 million Great Exhibition of the North.
The city was one of four short-listed for the honour, narrowly missing out to the Newcastle-Gateshead bid.
Bradford and Blackpool were also in the running to host the two-month exhibition to celebrate the best of art, culture and design in the north.
The Government is contributing £5 million towards the exhibition itself and a further £15 million into a legacy fund to attract further cultural investment in the north to help boost the economy.
One of those behind Sheffield's bid, Professor Vanessa Toulmin, Director of City and Cultural Engagement at The University of Sheffield, said: “Sheffield was honoured to be shortlisted and we’d like to offer our congratulations to Newcastle-Gateshead being chosen to host the Great Exhibition of the North.
“The bid process has been an amazing experience for the city region and we would not have been able to do this without the tremendous support of the creative communities, industries and businesses of our great region.
"This exhibition is a platform for the whole of the North to celebrate and showcase the best of what we have – whether it’s ground breaking innovations or a whole host of inspirational treasures. So we see this as an opportunity for the North to act in unison and we look forward to working with Newcastle-Gateshead and the other towns and cities in the north to make it happen.
"During the bid process we have developed existing collaborations and created new partnerships – just think of that incredible energy will combine to produce an incredible exhibition in the summer of 2018. The prospect is mind boggling as well as tremendously exciting. We look forward to being part of it.
“The bidding process has focused minds and upped the ante in demonstrating city region ambition – the legacy will be to maintain the momentum and to develop and enhance the many exciting cultural and business partnerships that have been forged over the last six months. The Great Exhibition of the North will provide us all in the north with a living, breathing legacy, that will positively affect the UK economy.
“We aim to do the north proud."
John Mothersole, Chief Executive Sheffield City Council said: “Sheffield is incredibly well placed to contribute to the exhibition. I know we all look forward to working with the other cities to make the Great Exhibition of the North a worldwide attraction.”