A new £19m National Indoor BMX Centre is set to be built in Manchester after the North West Regional Development Agency (NWDA) provided the remaining £8m needed to fund the scheme.

Located at Sportcity, to the east of Manchester, the facility will be the first covered BMX venue of its kind in the UK and will attract more than 120,000 visitors each year. It will also host a number of local, national and international events. The National Indoor BMX Centre will provide a link to the Manchester Velodrome to form a new National Cycling Centre, offering the British cycling squad facilities across a wide range of disciplines.

Housed within a 15,300sq m (164,688sq ft) building, the BMX centre will boast a 100m x 70m (328ft x 230ft) cycling track, seating capacity for 2,000 spectators, a café and office accommodation for the national governing body, British Cycling. NWDA chief executive Steven Broomhead said: "The National Indoor BMX Centre will bring yet another world class sporting venue to East Manchester which will create new job opportunities for local residents and enhance Sportcity's reputation as an international destination for sports events.

"The opportunity to invest in the BMX Centre and to further invest in Sportcity will take the combined facilities to a new level, setting the standards for sport locations to a level unmatched anywhere in Europe." British Cycling chief executive officer Ian Drake added: "The National Indoor BMX Centre will be a fantastic venue for the GB Cycling Team and will aid our preparations for London 2012.

"As a community facility, it will also offer local youngsters a rare opportunity to train alongside British BMX stars, inspiring future generations of riders and growing the discipline at grass roots." Other facilities at Sportcity include the National Squash Centre, the Regional Tennis Centre, the Regional Athletics Arena and the English Institute of Sport North West Support Centre, as well as accommodation six regional or national governing bodies.