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Seven days

Graham Smith | 17:42 UK time, Thursday, 1 March 2012

This time last week:
The official stadium business plan, as published on the , claimed Inox and the other partners in Cornwall Community Stadium Ltd had in place the "majority" of their capital requirements. But a significant part of the business plan was withheld from public gaze on the grounds of "commercial confidentiality."

We now know:
Inox has no intention of investing in the stadium. Yet the secret business plan claimed Inox would contribute £7m of the £15.2m required. Inox says:

"We have made no promises whatsoever and our position remains that we do not intend to fund the capital costs of the stadium, but we may be able to facilitate third party investment.....Inox Group has been in talks with third party private investors, and there is potential interest in funding the project but there is presently no formal agreement in place that would guarantee private sector funding."
The only CCS partner who can currently be relied upon to invest in the stadium is Truro & Penwith College - leaving a shortfall of more than £13m.

This time last week:
Cornwall Council said it would not contribute to the costs of building the stadium.

We now know:
The secret business plan suggested that the council contribute £8m in infrastructure costs and offer to underwrite the £15.2m capital spend. A bid to have this suggestion deleted from the business plan was defeated by 7 votes to 6 at a secret meeting on 22nd February.

This time last week:
Scott Mann was deputy leader of Cornwall Council's Conservative group.

We now know:
Next week's Conservative group meeting is going to be even more entertaining than usual.

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