John Henry Newman will be the first English person to have lived since the 17th century to be recognised in this way.
Newman was ordained as an Anglican priest but converted to Catholicism in 1845.
He founded the Oratory is Birmingham as a way of living out his vocation within the Catholic Church. He was later given the role of Cardinal.
When he died over 15,000 people took to the streets for his funeral.
In 1991, 100 years after his death he was declared Venerable before being named Blessed in 2010 during the visit by Pope Benedict XVI to the UK.
He'll now be canonised at a special service at the Vatican by Pope Francis.
Welcoming the announcement, Cardinal Vincent Nichols, the leader of English and Welsh Catholics said: "This is a moment of great pride. On Friday it was the feast of the Sacred Heart and we held a mass for the priests of England and Wales.
"Foremost in our minds was the declaration of a saint who was a priest here.
"John Henry Newman is known for many great qualities, but we remember him particularly for the kindness and compassion of his ministry to the people of Birmingham."
According to the Catholic Bishops Conference of England and Wales, the canonisation was made possible by a second miracle attributed to the intercession of Blessed John Henry Newman, consisting in the medically inexplicable healing of a pregnant woman with life-threatening complications due to her pregnancy. The cure took place in Chicago, USA, in May 2013. After an initial investigation carried out by the archdiocese of Chicago, it was submitted to the Holy See in 2018, and approved by Pope Francis on 13 February 2019.
Stay up to date with the latest news stories from a Christian perspective. Sign up to our daily newsletter and receive more stories like this straight to your inbox every morning.