Outgoing club president Daniel Nancarrow said the club has been working with Golf Victoria to secure funding for a feasibility study into a club redesign to reviltalise the space.

"Our aim has been to try to build something that didn't exist in central Victoria," Mr Nancarrow said.

A vision to make golf affordable for people in Bendigo and give everyone the opportunity to come and play was part of the club's vision, with the first step, the feasibility study, seemingly off the table.

The club said it is struggling to secure the final piece of funding for the 10 week study, which will delve into whether or not a proposed driving range, practice facilities and shorter version of golf are possible on the site.

"We have been caught out in the last week, with Golf Victoria changing their overall strategy," Mr Nancarrow said.

"They have pulled their funding from the project, which has caused us to recalculate and work out if this is something we can do."

Golf Victoria had committed approximately $6,500 to the project, about one third of the costs required to undertake the study.

"To have one third of your funding pulled is disappointing and the club is not in the position where it is able to cover that cost," Mr Nancarrow said.

"We have to go back to the drawing board," he said.

Quarry Hill golf club's stance is not one shared by Golf Victoria, with president Stephen Spargo saying there is no question that the Victorian Golf Foundation would honour the amount committed to be spent on the feasibility study.

"It's a great time for Quarry Hill to be thinking about what's best for the club, its members and guests in coming years," Mr Spargo said.

There is a comprehensive Victoria-wide Golf Facilities Plan being formulated by Golf Australia in 2020, to help improve the capacity and sustainability of all clubs across the state.

"The Victorian Golf Foundation, under the auspices of Golf Victoria, agreed to part-fund this feasibility study for the Quarry Hill golf club, taking into consideration the objectives of the broader national, state and regional plans," Mr Spargo said.

With almost 50 members, the 98-year-old club founded by Sir John and Lady Catherine Quick has had to overcome its fair share of obstacles.

In 2014, the City of Greater Bendigo decided not to investigate the 40 hectare site for future residential growth.

Council's manager of active and healthy lifestyles Lincoln Fitzgerald reiterated the city's commitment to the current use of the site.

"There are no plans to change the use of the site and we have been working with the golf club to support their development of a feasibility study to ensure its sustainability," Mr Fitzgerald said.

Despite the current lease arrangement between the club and council expiring in 2035, its innovative and continual use remain paramount.

"It is an important green area. We want our club to be about people getting out, engaging and becoming more active," Mr Nancarrow said.

A recent partnership with the Bendigo Disc Golf Association and a new frisbee golf course on the site are two examples of new initiatives the club has recently developed.

The shorter form of golf the club envisions includes a course that is completed in two and a half, instead of four to five hours.

That possibility hinged on the feasibility study's report.

This latest setback serves as a major blow to a 100 per cent volunteer run club, which is eager to flourish for years to come.

"It would be a shame to lose space in the centre of the city that offers such opportunity for health and wellbeing," Mr Nancarrow said.

"We want to try to grow the club and make sure it stays here for the next 100 years," he said.