Cornwall Council votes to approve partial funding of stadium

Stadium for Cornwall

Cornwall Council has voted to approve the partial funding of a new stadium in the county.

Councillors have decided to provide £3m towards the total estimated budget of £14.3m.

Cornish Pirates rugby team, Truro City football club and Truro and Penwith College have put up £6m of the cash and they are hoping the government will provide another £3m.

Planning permission for the stadium has already been granted.

The Cornwall Council money is coming from the authority’s Economic Development Match Funding budget and will not affect local services.

Councillors voted 69 in favour of providing funding for the stadium with 41 against and seven abstentions.

Stadium for Cornwall plans

Under the council’s agreement, the funding will only be provided should the government also hand over £3m.

It is also dependent on a full business plan for the scheme being approved by the authority’s chief finance officer and it will be assessed by an independent expert.

Please see http://www.bbc.com/news/uk-england-cornwall-43788098

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