Stadium for Cornwall project needs public funds to proceedpublished at 14:18 Greenwich Mean Time 23 January 2018
Sarah Gosling
BBC News Online
A partnership project between the Cornish Pirates, Truro City FC and Truro and Penwith College has been forced to ask for £6m of public sector funding.
The Stadium For Cornwall project had looked to "develop a stadium project, which could be delivered without the need for any public funding".
A statement from the partners said they so far have "£6m committed funds and a potential borrowing capability of up to £2m contingent of the stadium outcome" following the approval of their plan to redevelop Truro City Football Club's Treyew Road ground.
Despite this, they say that a further £6m is needed.
"We are confident that, if a way can be found to secure the remaining funding by May 2018, we can still deliver the stadium in August 2019 and, in doing so, create a new sporting, educational, business and cultural hub for the region."
It is hoped having a stadium in 2019 would lead the Cornish Pirates to financial sustainability, and allow Truro City to progress in FA affiliated football.
Cornwall Council has acknowledged the request for support.