Sports fans across Cornwall have been given an early Christmas present after it was announced that land for the Stadium for Cornwall had finally been secured.

The stadium, which will be built at Langarth on the outskirts of Truro, will be used as a home for the Cornish Pirates rugby union side and Truro City Football Club.

It will also provide training facilities for Truro and Penwith College and fitness facilities.

The multi-use stadium will also be used for other local teams in Cornwall. Stadium partners say that it could be completed by summer 2022.

Planning permission is in place for the stadium and funding has been provided by the partners as well as a pledge of £3million from Cornwall Council.

However the council money was dependent on another £3m being provided by the Government. It said that it was considering the request but needed the land to be secured first.

This weekend Cornish Pirates and Truro City boss Dicky Evans announced that the land has now been secured and also that there were plans for a hotel as part of the development.

Mr Evans said: “I am delighted to say that we have completed all documentation requirements on the transfer of the land from INOX via the council to the Cornish Pirates.

“This now means that we can proceed with the design and preparation of the construction documentation for the stadium and in due course go out to tender with a view to commencing construction on the designated site in time for completion in summer 2022.

“There are no more hurdles to cross!”

Mr Evans said that the stadium partners would be launching a new fundraising effort which would include a crowfunding scheme, in time for Christmas.

He thanked officials at Cornwall Council and the landowners Inox for their help in securing the legal agreements for the land.

Talking about the funding he admitted that the overall cost of the stadium will have risen from the figure put forward at the start of the project two years ago.

“Turning to fundraising, our preferred option is to approach the new government come Friday on the path we have been attempting to cross for the last 18 months and the second route is to fund from our own channels through high net worth individuals / investment banks/venture capitalists. However, whom that new government will be will have a huge influence on our stadium plans.

“We won’t know the final cost of the stadium until such time as we have completed our tendering procedures but doubtless it will have gone up from the £14million envisaged two years ago.”

In a detailed statement Mr Evans said that the government funding had not been “a foregone conclusion” and said that there had been issues with the way that the money would have been granted.

He said that work was underway with the council to try and secure the government funding with a grant channelled through the council.

Mr Evans said: “Moving on, we are ready to let the dogs loose on construction of the stadium and it would hold no fears for myself were we to take a Government grant, secured over 25 years alongside the council grant, to enable construction without any borrowings.

“We also have other fish to fry, as during the last 18 months we have been busy ensuring that the stadium is viable and in this respect we have pinpointed three pieces of land totalling c.12 acres of land (thereby doubling the size of the stadium area) – 10 acres in two tranches of land which we can develop with investors and another piece that allows us to move the stadium pitch west and south of its original siting.

“This allows an hotel to be constructed on the stadium site overlooking the actual playing surface.

“All of these developments will make the stadium truly iconic and we are talking to investors at this time.”