Dezeen Wire: the Design Museum in London has been awarded £4.6 million towards developing the museum’s new home in south London by the Heritage Lottery Fund.

The museum also received £300,000 from the fund in September 2010 and in June last year the museum's co-founder Terence Conran donated a cash gift of £7.5 million, including proceeds from the sale of the lease of the current Design Museum building at Shad Thames.

The museum will relocate to the former Commonwealth Institute building in south London (top image), originally designed by RMJM in the 1960s and currently being redeveloped by John Pawson. The new museum is set to reopen in 2014.

See more images of the design in our earlier story and read more about the Design Museum here.

Here are some more details from the Design Museum:

New Design Museum wins £4.65m from Heritage Lottery Fund

The Heritage Lottery Fund (HLF) has awarded the Design Museum a grant of £4.65million towards its plans to create the world’s leading museum of contemporary design and architecture at the former Commonwealth Institute in Kensington, it was announced today. This is in addition to the £300,000 of development funding awarded by HLF in September 2010.

With the addition of the HLF grant, the Design Museum has made good progress towards raising the necessary funds to complete the new Design Museum project which is due to open in 2014. The campaign also aims to raise an endowment fund to ensure the long-term sustainability of the museum.

John Pawson has redesigned the interior of the former Commonwealth Institute, a Grade 2* listed building which has lain dormant for over a decade. The move will give the Design Museum three times more space in which to show a wider range of exhibitions, showcase its world class collection and extend its learning programme. The move will bring the museum into Kensington’s cultural quarter where it will join the V&A, Science Museum, Natural History Museum, Royal College of Art and Serpentine Gallery.

Deyan Sudjic, Director of the Museum said ‘This is a vital step forward for the new Design Museum and an outstanding vote of confidence in the future of this very exciting project.’

Sue Bowers, Head of the Heritage Lottery Fund London, comments "We are delighted to be supporting this transformational project that will see the Design Museum, London relocated to a new and improved home. The move to the former Commonwealth Institute building will not only give this iconic building a new and long-term use, but will also allow the Design Museum’s extensive permanent collection to be available for free for the first time. With three times the space of the museums former home in Shad Thames visitors will be able to better appreciate Britain’s considerable design achievements. This is an exemplary project that will transform the museum’s important collections and add to Kensington’s already thriving cultural quarter."

The museum has made great progress towards its fundraising target through pledges and donations including: The Conran Foundation, The Dr Mortimer and Theresa Sackler Foundation, the Atkin Foundation, The Hans and Marit Rausing Charitable Trust, The Wolfson Foundation, The Garfield Weston Foundation, Sir Siegmund Warburg’s Voluntary Settlement, 29th May 1961 Charitable Trust, The Arnold Foundation and The Department for Culture Media and Sport.