An annual water festival celebrating a town’s fishing industry has been cancelled following “safety” fears caused by a lack of funding. Organisers have confirmed Folkestone’s Trawler Race will not go ahead this summer which sees the town’s fishermen take to the sea and race around the harbour. Planned for July 20 and 21, the event draws in crowds of around 10,000 to the town’s quayside with its offerings of cockles and whelks. The weekend extravaganza aims to support the fishing industry by encouraging everyone to buy fresh fish. Participants often take part in fancy dress and are judged in ca…