Plans for the new circuit, which forms part of the £6m redevelopment of the park, are due to be submitted to the council later this year following local consultation.
The project will receive combined funding through London Marathon Charitable Trust, British Cycling, Playsport Facility Fund, and Southwark’s Council’s Cleaner Green Safer fund.
A council representative said:
"I believe a BMX track like this one could play a huge part in making the redevelopment of Burgess Park a success story. It’s a sport that has proved really popular in our borough, and I think this new track, together with the current facilities for tennis, rugby, cricket, and football, will make Burgess a stand-out sporting destination."