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The biggest cycle-park in the UK is a step closer to being built at Cambridge train station.
The government's agreed to put £500,000 towards the £2.5 million cost.
According to The Department for Transport, the 'cycle hub' will have enough spaces for 3,000 bicycles.
There will also be a bicycle shop and hire service.
The bicycle-park is expected to form part of the CB1 redevelopment of the railway station area.
Cambridge MP Julian Huppert said: "This is fantastic news.
I had been having discussions with the rail industry in the hope that money would be invested in Cambridge and this investment will bring huge benefits for the city. Cycle parking at the railway station has been inadequate for years; now we have the chance to make a real difference.
I am delighted that the coalition government is showing a real commitment to cycling nationally.
We need to invest in cycling infrastructure and support cycling as an efficient form of transport bringing major health and environmental benefits.
This investment in Cambridge and other cities nationally shows that this government is serious about cycling."
Ruud Haket Managing Director of Greater Anglia, which manages Cambridge railway station, said: "We are committed to improving cycle facilities for our customers, by installing many more cycle parking spaces and increasing cycle hire opportunities.
We are proud to be in the vanguard of train operators pioneering schemes such as PlusBike and building new, state-of-the-art CyclePoints for our customers."
There are also plans for an extra 100 bicycle spaces at Royston railway station, and a 'bicycle-friendly' road between Huntingdon and St Ives to encourage more people to cycle between the towns.
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The £1.5 billion deal will also see new fleet rolled out across the network.
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