The station, which is served by Southern trains, was listed by the Government among 50 other stations across the UK that have been earmarked for step-free access upgrades.
Currently, there is no step-free access to any platform at South Croydon station.
It is understood that improvement works would see new lifts built to make it easier for elderly and disabled people to get across the platforms.
Transport Secretary Heidi Alexander has confirmed that a feasibility study for the upgrade works at the station would be funded through part of £92 billion worth of funding allocated to road and rail projects.
The cash for the upgrade will come from the Department for Transport (DfT) Access for All fund, which enables accessibility improvements to be carried out at railway station across Britain.
Raynes Park station, which is served by South Western Railways trains, has also received funding for similar upgrades.
Currently, ramps provide step-free access to platforms 1 and 2 at the station, but platforms 3 and 4 can only be reached by stairs.
It is understood that new lifts will be considered as part of the feasibility study into providing full step-free access to each of the station’s platforms.
Elly Baker, London Assembly Labour spokesperson for transport, has said that the funding was “welcome news”.
“I’m particularly pleased to see support for Rail Access for All feasibility studies, an area we’ve long championed at City Hall to help make our transport network more inclusive and accessible for everyone,” she added.
The Government has also committed funding to the redevelopment of Euston station alongside the HS2 scheme, as well as ensuring that there is the option to connect the Chiltern line to Old Oak Common station at a future date.
The other London stations that have received funding for feasibility studies to make them step-free are:
- Bushey
- Dalston Kingsland
- Gunnersbury
- Kew Bridge
- Kidbrooke
- Upminster