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With �357m of funding secure, the stadium should be ready for the 2006-07 season - pictures courtesy of Miller Hare

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Arsenal hope the stadium's 60,000-capacity will help the club match the financial muscle of rivals Manchester United

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The complex will be built by Sir Robert McAlpine for a fixed fee of �220m

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There will be 150 executive boxes in the new stadium but the club also hope to offer fans some reduced price tickets

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The new stadium is designed by HOK Sport, the architects behind Stadium Australia in Sydney and the new Wembley

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The project will be funded by a �260m loan, club funds, sponsorship and the sale of land nearby

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The Gunners believe that the project will create more than 1,900 jobs and 2,300 homes

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Construction work at Ashburton Grove, situated a short distance from Highbury, is expected to begin soon

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Arsenal's current home will eventually be converted into residential flats, with the pitch serving as a communal garden