The new connection on the Coventry and Nuneaton railway line will serve existing major housing and office developments, with more planned in the future.
The station will benefit over 5,000 local residents in the station's catchment area and North Warwickshire and Hinckley College's innovation centre.
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Rail Minister Claire Perry said: "It is so great to see this long awaited project finally get going. Bermuda Park is seeing major redevelopment and the new station is a crucial part of this, providing easy public transport access to tens of thousands of jobs in the nearby area. The scheme will also mean upgrades for the Coventry-Nuneaton railway line providing job opportunities for many people. This investment shows the government is serious about funding the infrastructure needed to boost the economy and deliver jobs and growth."
The Department for Transport has contributed £4.75 million to the railway line improvements, which also include another new station at Coventry Ricoh Arena and platform extensions at Bedworth.
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