The North West Regional Assembly (NWRA) has backed Blackpool's £88m bid to preserve its famous trams.
After years of neglect the network has fallen into disrepair, but the funding decision is dependent on the Department of Transport's approval.
If the improvement programme is not given the go-ahead then the future of the tramway could be in doubt.
The renovation plan includes installing new tracks, a new electrical system and new modern carriages.
Both Blackpool Borough Council and Lancashire County Council believe that only a major refurbishment of the system can secure its long term future.
First electric tram
About seven million passengers a year use the tram system, which was the country's first electric tramway when the promenade track opened in 1885.
Passenger traffic is much heavier in summer and the traditional tramway is seen as one of the seaside town's key tourist attractions.
Although famous across the country since it opened, the system became truly engrained in the national consciousness during an appearance in the soap Coronation Street in 1989.
It was under the wheels of one of Blackpool's trams where Rita Fairclough's wicked lover, Alan Bradley, met his fate.
The Blackpool scheme was one of a number of transport plans in the region approved by the assembly.
^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©