University bosses have given the go ahead for plans to redevelop a moth-balled south lakes campus.
700 students will return to the University of Cumbria's Ambleside site which was mostly closed in 2010 due to financial difficulties.
Final plans for the re-development of the site will be ready in May.
News of the reopening has been welcomed by Westmorland and Lonsdale MP Tim Farron.
He said: "This is fabulous for the whole area. Seven hundred students will bringin a lot to the local economy and create more than 100 new jobs, many ofthem well paid."
More top news
Showers or longer spells of rain. Gales on Sunday
One of the world's most famous locomotives drew huge crowds in Cumbria today, as it arrived after a ten year, £4.2 million, restoration.
One hundred artworks have been donated to an auction, to raise money for victims of flooding in Cumbria.