Local MP Andrew George has called for a “coalition of the willing” to rescue the Isles of Scilly Ferry project.
Last week the Government announced that it was unable to fund the project in its present form and called on Cornwall Council to come up with a cheaper alternative.
However, the Council confirmed at the weekend that it was pulling out of the scheme and would not be drawing up any fresh plans.
A spokeswoman said: “As the link has been designated as a ‘lifeline’ service, it is ultimately the responsibility of the Government and not the Council to ensure that it is maintained.”
In an attempt to save the project, George is inviting local organisations to come together to respond to the Government’s challenge to find “a simpler, lower cost solution”.
The Isles of Scilly Steamship Company will attend, and invitations have been issued to the Duchy of Cornwall, Penzance Town Council, the Council of the Isles of Scilly, Cornwall Council, the Route Partnership, the five Cornwall Councillors representing Penzance Wards and the Penzance Business Network.
George explained that he was keen to hear from any other organisation or individual who believed that they could make a positive contribution.
The private meeting will take place on Thursday in Penzance.