A £180m regeneration scheme for the Canning Town and Custom House area of east London has secured the final £13m of funding needed to enable work on the project to begin.
The Rathbone Market redevelopment will be able to proceed after being given funding from the London Homes and Communities Agency (HCA).
The project will provide a total of 650 new homes in the area as well as new shops and cafes, a revitalised market and community facilities. Work is expected to start in Autumn 2010.
The 680,000 sq ft scheme will be one of the first sites to be developed within the overall masterplan for the Canning Town and Custom House area.
The cash for the project had previously been at risk following funding cuts by the coalition government.
Newham Council will now be working with English Cities Fund, its development partner at Rathbone Market, to take the scheme forward.
Duncan Cumberland, development director at English Cities Fund, said: "This is a real milestone for this project. Contractors will begin enabling works in the next few weeks and we are currently targeting completing the first new homes at Rathbone Market in 2012."