Video report by ITV News Anglia's political correspondent Emma Hutchinson.
South Northamptonshire MP Andrea Leadsom will battle it out with Theresa May to become the next leader of the Conservative Party.
Michael Gove was eliminated after receiving 46 votes. May had 199, and Leadsom 84 votes. Tory MPs had voted throughout the day in a secret ballot that ended at 4pm.
Following the vote, Leadsom returned to her constituency, delighted by the news.
I'm delighted. Feeling very positive, absolutely delighted, very grateful to my team.
Theresa's obviously done fantastically well and my commiserations to Michael. But I'm absolutely delighted with the result.
The two will now fight for support from around 150,000 party members, not just Tory MPs as in previous rounds of voting.
The new leader will be announced and take up office on September 9.
The winner will become the UK's second ever female prime minister.
Andrea Leadsom will find out if she's made it through to the final two of the Tory leadership contest in a few hours time.
The next leader of the Conservative Party and Prime Minister must come from the Brexit camp, South Northants MP Andrea Leadsom said.
Many of our MPs have already revealed who they will be backing to become the next Prime Minister.