The artist's impression was a preliminary design, officials said Enlarge Image

Capacity would increase to more than 25,000, plus a new pavilion and residential development would be built, if planning permission were granted.

Chief executive Colin Povey said Edgbaston needed to remain competitive.

It was the scene of a thrilling two-run victory over Australia in the second Test during the 2005 Ashes series.

It is great to have a project of this magnitude in the pipeline Colin Povey

At an annual general meeting on Wednesday an artist's impression was shown of how the ground could look.

Mr Povey said it was important that the club modernised its facilities to make them world-class.

"The fulfilment of our dream is some way off but it is great to have a project of this magnitude in the pipeline," he said.

'Asset to city'

Edgbaston was recognised as a Test venue in 1902 and is considered to be England's most successful home venue.

The current hosting agreement with England & Wales Cricket Board expires in 2010.

England clinched a dramatic win at Edgbaston in August 2005

The ground's capacity stands at 22,000 since the lively Eric Hollies Stand was built.

A club spokesman said the staging of international matches generated in excess of �10 million per annum for the local economy.

Birmingham City Council said it backed the plans and recognised the need to improve facilities.

"International cricket is a great asset to Birmingham and it is crucial that we do not lose such an important part of our history and sporting culture," a spokesman said.

"We fully recognise the value of sports-led regeneration and are keen to work with Warwickshire to help them develop state-of-the-art sporting and spectator facilities."