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The Stadium for Cornwall team is disappointed not to be singled out for an immediate capital grant of £14m to start to build the much sought after Stadium and its world-class sports concussion unit. However, we continue to work with Government on delivering their Levelling Up agenda, and anticipate a later funding package allowing swift development as part of the £2.6 billion announced by the Chancellor for the UK Shared Prosperity Fund over the life of this Spending Review.
We are heartened by the announcement yesterday of £30m support for the Women’s Rugby World Cup in 2025 and the Tour de France Depart in 2026 and we will be bidding to be a showcase venue for these tours. With the effects of sports concussion being highlighted on BBC breakfast this morning, men, women and children playing within our Stadium and around Cornwall will be provided with immediate health benefits and a safer, more enjoyable sporting experience.
Chancellor of the Exchequer Rishi Sunak said, “I’m excited at the prospect of bringing more world-class sporting events to the UK,” and “I want to reward energy, ingenuity and inventiveness”. Stadium for Cornwall Chairman Martin Tucker said “I would like to thank everyone across Cornwall and beyond who has worked tirelessly over many years to reach this point. We have an innovative new project and an energetic new team with the exact qualities sought by the Chancellor. We are in constant communication with the Government and are excited at the prospect of getting this over the line in the near future. Work will begin immediately to bring Truro City Football Club back to Truro, alongside continuing discussions to secure the final tranche of funding which will allow us to host international sporting events in Cornwall alongside the consistent delivery of education, employment and health services to the people of Cornwall