A £35m deal has been agreed to underpin the redevelopment of Headingley and retain international cricket at Yorkshire's historic home.

Leeds City Council have brokered the agreement with a London-based investment group, subject to approval by their Executive Board, ending two months of worry and frustration amongst the Yorkshire hierarchy.

The redevelopment project, costing £38m, was thrown into doubt when the council withdrew a £4m grant to the White Rose county in January, revealed by Mark Arthur at the club's AGM earlier this month.

Headingley has played host to some of the game's most iconic moments, including Donald Bradman's world record Test score of 334 in 1934 and the 1981 Ashes Test.

And now, the venue looks set to have the opportunity to host more such moments in years to come.

"We would like to thank councillor Judith Blake and Leeds City Council for their support in reaching this point," said Yorkshire chief executive Mark Arthur.

"There is still a long way to go. However, it is a significant step in securing the future of international cricket at Headingley.

“Yorkshire County Cricket Club will continue to work hard to ensure that all remaining funds are in place to ensure that the redevelopment is completed in time for the Cricket World Cup in 2019.”

Work must start in September on the new North/South stand adjoining both the cricket and rugby grounds in order for Yorkshire to keep hold of four World Cup matches in 2019.

They are now also set to be in a position to be allocated England internationals by the ECB between 2020 and 2024, with Yorkshire's current staging agreement running out at the end of 2019.

Councillor Judith Blake, leader of Leeds City Council, said: "I'm delighted we’ve found a solution that will ensure Headingley continues to enjoy full international sporting status.

"Subject to the final approval of the council’s executive board, this will deliver the funding to redevelop the stadium in full.

"The money will be provided by a private financial services company at no cost to the council tax payer, which offers the best and most viable option moving forward."

Further information will be included in Leeds City Council's Executive Report on April 12.

Yorkshire are due to host four World Cup matches and an Ashes Test in 2019.

Had this deal not been secured, the Test would have still gone ahead, but the World Cup matches would have been relocated by the International Cricket Council.

With such a busy international schedule at Headingley that summer, Yorkshire are planning to move some county matches to the regenerated Bradford Park Avenue, last used for first-class cricket in 1996.