The Cornish Pirates RFC and Truro and Penwith College are joining forces with Truro City FC and the club’s developer partner, to deliver the Stadium for Cornwall project together.
The breakthrough deal, which is subject to a number of legal agreements, would see both clubs and the college jointly occupy a single stadium at Langarth Farm.
The parties are working together to secure the £10 million required to fund the 6,000 capacity facility, which will include funding being provided by the Cornish Pirates RFC, Truro and Penwith College and Truro City Football Club.
Work on the ground, on the outskirts of Truro, is expected to start this summer.
A spokesperson for the group said:
Following extensive discussions between the parties, it has now been mutually agreed that it is in the best interests of Truro City Football Club, the Cornish Pirates RFC and Truro and Penwith College that they join together in occupation of a single Stadium for Cornwall at Langarth Farm.
The joint agreement will enable the strong prospect of a stadium in Cornwall to finally be built, along with high grade community facilities and sports pitches. The community stadium will rival other similar venues currently found throughout the country, whilst at the same time protecting the long term future of both clubs and providing a first class education and training facility for the college.
Both teams are hoping to be installed at the stadium, which will be suitable for League Two football, by the 2019-20 campaign.
Truro City FC had originally been looking to build a stadium of their own at Silver Bow, but developers said it was not financially viable.
Truro City FC chairman Peter Masters said:
Whilst (vice-chairman) Philip Perryman and I are disappointed that Silver Bow will now not go ahead, we are delighted to have taken a further step towards securing the club’s future in National League South, after so many months of uncertainty.
Image courtesy of Stadium4Cornwall