The Newcastle Knights are expected to have a $20 million Centre of Excellence in Broadmeadow by November 2019.
The Knights were one of five NRL clubs to be provided funds from the NSW Government, receiving $10 million, the most of any club.
As a condition of the ownership deal struck between the Wests Leagues Club and the NRL in July, Wests will match the grant dollar-for-dollar.
Wests and Knights chief executive Phil Gardner believes the development of the centre is vital to the future of sport in Newcastle.
"I don't think we can overstate how important it is to the region. It is a huge commitment from the Wests Group and a legacy for the town. We don't think there is a better place for us to invest money.
"We'll have one home finally. It'll be a home for the Knights, a home for the community and a home for other sports as well," he said.
Construction is expected to start in the middle of next year.
