A group of charity trustees in Lancashire are meeting to approve the full-size model of a tribute to the World War I Chorley Pals company.
The 7ft (2m) high statue of a uniformed soldier will be put on a plinth and the names of the 230 men who served in the company will be added to it.
Discussions are also taking place with the town's council for a suitable location to site the memorial.
The company was made up of men who fought on the Somme on 1 July 1916.
Once the life-like clay model is approved it will covered in wax, taken to a foundry in Essex and cast.
It is expected to be officially unveiled on 23 February 2010 - 95 years after the Pals left the town to go to war and three years since an appeal was launched to create a permanent tribute to the town's war heroes.
When war broke out in August 1914 Capt James Milton from Chorley formed a 'Pals' battalion in Chorley and surrounding districts, with 30 men signing up. They went on to join a newly-raised battalion at Accrington.
By the end of September the Chorley Pals Company had some 212 men and 3 officers.
They eventually became the Y Company of the 11th Battalion of the East Lancashire Regiment.
The company was formed from men from the town and many of the nearby villages including Euxton, Brinscall and Rufford.
Following the attack on the Somme battlefield, 93 men out of the roughly 175 from Chorley who went over the top that morning were dead.