Hello all,
I have good news. I got the cruise control working!
Turns out it was indeed a small issue;
Both stalks(old and new) suffered from the same mishap; a broken ribbon cable.
The last wire corresponding to the set/decrease speed was broken on both the old and new stalk. Open circuit.
Because of this, cruise control will never fully activate, even though the dash lights up.
I took apart the old stalk and managed to splice a wire onto an unused contact pad of the broken wire. Ran it to the front and soldered it to the correct pin.
É voila, the cruise control is now happily working.
I'm returning the new stalk i ordered and i will be digging around some mk4's on the scrappy to find a replacement that works. For now, this works fine.
I've attached pictures of the repair below;
Thanks to everyone for the help! This case is closed.