Tottenham are keen to resurrect their plans to re-develop White Hart Lane.
Plans released in 2008 revealed the clubs intention to turn their current home into a state-of-the-art 60,000 seater stadium.
The project, called the NDP, was shelved however after soaring costs saw chairman Daniel Levy insist that Spurs could not stay in the area as they looked for alternatives to a new home.
Levy decided the join the hunt with West Ham United in order to secure the Olympic Stadium and are continuing to fight for the chance to move to the 2012 Olympic showpiece.
Spurs are looking into alternatives including the possibilty of reviving the NDP and have applied for funds from the Regional Growth Fund (RGF) as they look to regenerate an area considered one of the poorest in London.
"We are working hard to make the NDP scheme viable and enable us to stay in Tottenham and redevelop our existing site," Levy told the clubs official website.
"Public sector assistance for infrastructure and public realm works would enable us to deliver the project and the RGF represents the single most important route for funding.
"Our hope must be that there is a recognition of the real need for investment in the Northumberland Park ward and that this project presents a real opportunity to deliver sustainable long-term, private sector-led regeneration."
Tottenham MP David Lammy has also thrown his support behind the bid, a move which will surely appease fans of the club who want the team to remind in N17.
"I support this bid by Tottenham Hotspur, which has the opportunity to transform an entire community with the highest unemployment in London," Lammy added.
"The plan to redevelop White Hart Lane is far and away the most exciting regeneration project in London after the Olympics, and it is encouraging that it is private sector-led.
"This Regional Growth Fund proposal will benefit everyone in Tottenham and I urge the government to agree to Spurs' bid."