Network Rail and Homes England have agreed a £77m investment to kick-start the long-awaited redevelopment at York Central.
The ministry of housing, communities and local government confirmed backing for the project, allowing City of York Council to be reimbursed for its investment to date.
The finance is a major piece in a £155m funding package agreed by York Central Partnership members Homes England, Network Rail and the National Railway Museum.
It will fund the infrastructure works to connect the site, including a bridge over the East Coast mainline railway, to unlock the regenerations, which has been decades in the making.
York Central will comprise 3,705 homes and up to 1.2m sq ft of commercial space, of which 80% will be offices.
The joint venture has submitted detailed plans for the first phase with a new main entrance, bridge, cycle and pedestrian routes, and drainage and landscaping for the public realm. It expects to start on site next year.
Network Rail regional director, Rob McIntosh, said: “This land has been underused for too long and our railway will be a key part of the success of the development, providing connectivity across the north as well as to the capitals in London and Scotland as we look to support the economic recovery from the Covid-19 pandemic.”
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