The transformation of Northampton Castle Railway Station is going ahead after the Government announced a £10m investment in the scheme.

Located within the Northampton Waterside Enterprise Zone, the new station will support continued economic growth in the town. It will be twice the size of the existing building, which is already at capacity during peak hours. Recognising Northampton’s economic potential, Central Government has pledged to invest £10m in the station. Other partners, including Network Rail and Northamptonshire County Council, will meet the remainder of the £20m development costs.

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West Northamptonshire Development Corporation has led the station development plans. WNDC's Chairman John Markham said: "This announcement is fantastic news for Northamptonshire, as well as the wider region. It is the culmination of over 5 years hard work to make this vital and complex scheme a reality. The new station will be a modern gateway to Northampton, and support new development in the Waterside Enterprise Zone. This investment reflects the Government’s confidence in the area as a leading economic growth location."

Outline plans for the new station building were approved in October 2011 and construction is anticipated to start by the end of 2012. Potential later phases of the development could include a 1,270 space multi-storey car park and a 28,000 sq m office development.