The restoration of Alexandra Palace has moved a step closer today after millions of pounds worth of lottery funding were announced.

Alexandra Park and Palace Charitable Trust announced this afternoon that it had been awarded £18.8 million by the Heritage Lottery Fund (HLF) to help restore the palace’s historic spaces.

Under the plans, the eastern end of the building, comprising the BBC Studios and the Victorian Theatre will be repaired and refurbished together with the glazed East Court in which a new public entrance hall will be created.

The BBC studios, which gave birth to high-definition television broadcasts in 1936, will be turned into an interactive visitor attraction.

The palace’s hidden theatre, which dates back to 1875, will also be restored for theatrical performances, cinema screenings and other events including comedy and corporate entertainment.

Duncan Wilson, chief executive of the trust, said: “We are thrilled with the HLF announcement.

“Today marks a hugely positive and significant step in realising our aspirations to bring the Victorian theatre and BBC Studios back to life and fulfil the potential of the palace and its remarkable history for the local community.

“There are further challenges ahead, including the launch of a new fundraising programme and preparing the Palace for the start of the construction programme later this year, but this announcement represents a huge achievement for the trust and its supporters.”

There will be a special focus on schools and learning programmes with displays of historic equipment and hands-on engagement with the art of making television programmes.

Carole Souter chief executive of HLF said: “Alexandra Palace has played a pivotal role in the development of popular entertainment, culminating in the birth of British television.

“The eastern end has stood derelict for 35 years but now Lottery funding is heralding a new chapter for this iconic building, creating an inspirational space where people can learn about its rich and colourful history.”