Council and business leaders have welcomed the decision to support Toton as the location for the HS2 East Midlands hub.
Following a meeting of the East Midlands HS2 Strategic Board in Nottingham on Tuesday, a spokesman for HS2 confirmed Sir David Higgins, chairman of HS2, had told leaders at the meeting Toton was the best option for the hub.
Katherine Button, HS2 Ltd spokeswoman said: "After assessing an alternative site for the East Midlands hub station our chairman has confirmed today that Toton remains the recommended location.
"The final decision is now for ministers. The Government has said that they will set out how they plan to take forward the second phase of HS2 later this year."
Previously, planners had considered a proposal to use Breaston, just over the Derbyshire border, as the hub.
The decision now rests in the hands of Secretary of State for Transport, the Rt. Hon Patrick McLoughlin MP, who is expected to make a definitive statement on Phase 2 of HS2 in September 2015.
Councillor Jon Collins, leader of Nottingham City Council, welcomed the news. He said: "We are delighted that HS2's assessments is consistent with our own conclusions and reflects the clear regional consensus that we secured earlier this year.
"This should remove any barrier to the Government making a clear decision in September.
"We now need to work with HS2 Ltd to co-develop a station proposition that works for both local people and the wider East Midlands."
Anna Soubry, MP for Broxtowe, added: "The announcement is fantastic news for not only Toton, but for the entire constituency. HS2 will bring commercial development, jobs and growth to the area."
Richard Jackson, leader of Broxtowe Borough Council, said the decision was excellent news for the area.
"We felt this was coming, but it has some certainty now. The secretary of state still needs to formalise it, but I have every confidence that the hub will be in Toton.
"After that, we need to work with them to confirm the route, as there are still parts of the route through Broxtowe we are not happy with, such as it going through Nuthall and Strelley."
The news was also welcomed by business leaders. Peter Richardson, chair of D2N2, said: "An HS2 hub station at Toton represents a huge economic opportunity for the D2N2 area.
"We now need to make sure we have plans and proposals in place that can maximize job creation locally and across the wider surrounding area, as well as implementation structures that can deliver effectively on the ground."
Ian Morgan, from East Midlands chamber of commerce, added: "Uncertainty is the enemy of confidence so Sir David's comments are very welcome indeed. There are large numbers of local businesses that could benefit through making use of the improved connectivity that a new hub station will bring and also by winning contracts to design and build HS2 and the associated rolling stock".
The line has faced stiff competition in Breaston, where residents were angry as the route would cut through swathes of Derbyshire countryside.
Maggie Throup, MP for Erewash, said: "This will be a huge relief for Breaston residents and good news that the greenbelt has been saved."
The HS2 high-speed rail line is set to connect London to Birmingham by 2026.
The second phase due to open in 2033 will extend the line from the West Midlands to Manchester and Leeds, with the Leeds line running through the East Midlands.