Corby Town Football Club has signed a deal which will mean improvements to the pavilion and the development of community facilities.
It has agreed a deal with the borough council and Corby Athletics Club which will secure the leases for Steel Park and the athletics stadium until 2054.
A six figure sum is to be spent on improving the football club’s pavilion and work, which is expected to take 12 weeks, will start next month.
The project will include new changing rooms, physio treatments and officials’ rooms, as well as a series of multi-purpose function suites.
Chairman of Corby Town, Kevin Ingram, said: “We will now have an off-field capability that will enable us to generate other revenue streams.
“The wider Corby community will benefit from these new facilities as we roll out leisure and fitness programmes alongside a number of social events.
“These much-needed facilities will see the start of a much greater use of the Rockingham Triangle facilities.
“In tandem with this there will be the roll-out of a new ‘brand’ for all of our facilities, which will include an exciting new community garden.
“It’s fantastic news for the town. There were issues that existed before my arrival at the football club and these have been resolved.”
Mr Ingram, who took over as chairman in May last year, thanked Corby Council and the athletics club’s committee for their commitment to agreeing the terms of the new deal and for help to map out the future of the Rockingham Triangle site.
He said: “It’s a very exciting time for the club and the community.”
On Sunday, July 14, from 10am until 4pm, the club and the supporters’ trust is holding a day of action to get Steel Park ready for the new season. Volunteers are needed for decorating, cleaning, labouring and gardening duties. Refreshments will be provided.