Intel® Arc™ Control Software Shows Resizable BAR as “General-Not-Supported”
        Content Type: Troubleshooting   |   Article ID: 000093975   |   Last Reviewed: 03/17/2023
    
                    When using Intel® Arc™ Graphics cards with platforms (Intel or AMD) supporting Resizable BAR the application, Intel® Arc™ Control shows the feature to be disabled.

Intel is investigating this issue. It appears to be aesthetic in nature since Resizable BAR is enabled (you can confirm by checking with a 3rd party application such as GPU-Z).
In AMD platform, as a temporary workaround, try the following: