A study says the reef would create 200-metre long surfing rides
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There are warnings that Cornwall could get left behind in the international surf tourism industry if funding is not found for an artificial reef.
Experts drafted in from New Zealand say Tolcarne beach at Newquay is highly suitable for a surfing reef after carrying out a two-year study.
They say the reef would help establish a reputation for quality waves.
A spokesman for the Artificial Reef Company says Newquay is missing out on major world surf events.
Mainly family beaches
Anthony Weight of the not-for-profit group said:
"As it stands we can't attract the biggest festivals because the world tour won't go anywhere where the waves are below a certain quality."
The reef would be built from giant, sand-filled textile bags, with surf breaks ranking alongside international breaks in Australia, New Zealand and South Africa, according to the feasibility study.
The twin-armed, arrow-shaped reef would create 200-metre long surfing rides on each "arm".
But a former auxiliary coastguard from Newquay, David Golland, says there are fears the reef would actually make Tolcarne beach unsafe for less confident water users.
He said "The main surfing beach of Newquay is Fistral, we also have a similar beach and complex at Watergate Bay.
"The beaches of Towan Beach and Great Western are mainly family beaches.
"If there is extra surf and large waves coming in it would be unsuitable for young children and families."