The Grade II listed Art-Deco Broomhill Pool lido in Ipswich is to be restored into a new commercial leisure destination.
HLF agreed to provide the figure with a view to grant £3.3m at a later stage.
The lido was built in 1938 and attracted 50-60,000 swimmers at its peak.
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Plans drawn up by charity Fusion Lifestyle will see the complete restoration of the outdoor swimming pool, reinstatement of the site's art deco clock tower and the incorporation of a new permanent exhibition to showcase the significance of the site.
Other proposals include a new build extension to provide health and wellbeing facilities, along with a cafe.
The funds from the HLF are in addition to £1m committed by Fusion Lifestyle and a further £1m committed by the council.
Peter Kay, Chief Executive of Fusion Lifestyle, said: "We are absolutely delighted to have confirmed the backing of the HLF, as this has always been key element of our proposals for the lido."
(LM/CD)
