Work could start on the Iron’s new 12,000 seater football stadium in May 2016, as full planning permission has now been granted by North Lincolnshire Council.
The decision is understood to allow Lucent Group to activate its options to buy the land from the farmer.
Chairman Peter Swann today told the Scunthorpe Telegraph: “I am delighted to be at this stage and the continued work and help by the council, in getting to this point, has been invaluable.
“We are at the beginning of a hugely exciting period for Scunthorpe and North Lincolnshire, one which will help to define the area and provide some of the finest football and sports facilities in the country.
“For us the work begins in earnest and we, here at Scunthorpe United, are very proud to be involved in such an important and defining project, which will regenerate our area.”
Swann revealed on Iron-Bru.co.uk on Monday evening that the new stadium would not be ready for March 2017, as revealed in December.
It is believed the new stadium could now be ready for United to move in at the start of the 2017-18 season.
Council leader Liz Redfern called the news a “major milestone” in the project.
A Lucent spokesman said: “We are pleased that planning permission has been granted for the new Scunthorpe United stadium and will continue to work with all parties to start developing the Lincolnshire Lakes site as soon as possible.”