Weston College is developing a law and professional services academy at the Winter Gardens.
The 1920s pavilion, ballroom and other parts of the seafront complex will be refurbished and restored to their former glory, and remain available for wider community use.
The West of England Local Enterprise Partnership has earmarked nearly £15m for the project.
Redevelopment and modernisation of the building will include replacing part of it with a new two-storey extension containing lecture theatres, seminar rooms, meeting and conference spaces, offices and associated facilities.
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