When complete, Vulcan Works will house 59 lettable units for creative enterprises in the area between Guildhall Road, Angel Street, Fetter Street and St John's Street.
Vulcan Works is expected to support up to 100 businesses, creating around 300 jobs.
The £14 million scheme will involve the restoration of the historic listed Grade II former iron works factory in the heart of the Cultural Quarter. A new block will also be created on Angel Street for the development.
Northampton Borough Council is leading the scheme.
-- Advertisement --
Cllr Tim Hadland, Cabinet member for regeneration and enterprise, said: "This scheme has been some time in the making and we are delighted that we should have contractors on-site within weeks.
"Northampton is one of the most entrepreneurial places in the country and Vulcan Works will provide space for new businesses to establish and thrive.
"This means that, with current work on the extension and renovation of the Northampton Museum and Art Gallery, we've been able to commit around £22 million into our blossoming cultural quarter during the past year."
Stepnell contracts manager John Neill added: "Stepnell will draw on a wealth of new-build and conservation construction expertise to deliver this imaginative project for Northampton's emerging Cultural Quarter. We're excited to be involved in a scheme which will conserve a building of such importance to Northampton's industrial heritage as well as create vibrant, modern workspace for creative and digital businesses."
The former Amalgamated Tyres building has already been demolished with further preliminary works scheduled on Angel Street in mid-April.
(CM)
