Transport Secretary Patrick McLoughlin today said the Government will put up £5m to fund the project, the biggest tranche of cash so far from the government’s new stations fund.
He said: “Our support for Kenilworth station illustrates our commitment to working with community and national partners to meet local transport needs that not only deliver real benefits to passengers but also improves the network.
Network Rail will now carrying out work to integrate the plans for Kenilworth Station with the extensive improvements, including greater capacity and electrification, planned for the line between 2014 and 2019.
The remaining cash needed for the project will come from Warwickshire County Council.
Subject to Network Rail demonstrating that the two projects are compatible, scheme sponsor Warwickshire County Council will work with Network Rail to finalise the station plans.