The Government has announced plans to spend £3.2m on improvements to the Wilby Way roundabout.
Work will be carried out next year on a scheme to reduce congestion by widening part of the roundabout and approach roads and installing traffic signals.
Officials claim it will support a number of significant employment and housing sites in the vicinity of the junction, with the potential to create 5,600 jobs and 3,000 homes by 2020.
The Wilby Way scheme is one of 20 road improvement schemes in the Midlands announced by the Transport Secretary Patrick McLoughlin as part of plans to boost the economy, reduce congestion and improve safety.
The £51m regional schemes are part of a £217m national programme to remove bottlenecks and keep traffic moving on England’s motorways and major A roads.
Mr McLoughlin said: “These £217 million road improvements prove the Government’s determination to accelerate growth and cut congestion.
“Keeping traffic moving is vital to securing prosperity. By removing bottlenecks and improving access to local enterprise zones, key international trading ports and communities, these road schemes will help get people to and from work and power the economy. They also have the potential to help deliver more than 300,000 new jobs and 150,000 new homes.”