The 30,000 seater Milton Keynes stadium will be designed and built by the Buckingham Group.

The contract to design and build Milton Keynes new 30,000-seat capacity stadium has been awarded to the Silverstone-based Buckingham Group.

The £42m stadium, provisionally called the New National Bowl will be the home of Milton Keynes Football Club from Autumn 2006.

The client is Inter MK, which is headed by MK Dons chair Pete Winkelman. He said: “After seven years, we have at last now reached a point where we can commence construction of the stadium. We are absolutely delighted that the project is to be built by a locally based company ensuring that the skills, materials and labour can be sourced as part of the wider growth agenda for Milton Keynes.”

As well as a UEFA standard stadium the project will also include a 6,500 capacity indoor arena.

The stadium will be sited on a mixed-use development site at Denbigh near Bletchley, to the south of the City. Other developments on the site include a new Asda, a major non-food retail facility, and leisure facilities, hotel and offices.

The privately owned Buckingham Group operate divisions in civils, remediation, building and rail. Buckingham group chairman Paul Wheeler said: "This represents a further exciting step forward for the business in our continued development as a design and build contractor.’’