A former Lloyds Bank in Hull will be refurbished into 46 residential properties with support from levelling up funding.
The Government has provided Hull City Council £550,000, which will contribute to a £7.4m refurbishment project.
Modernistiq (Hull) Ltd plans to convert the building’s former banking hall into 22 flats and its upper floor offices into an additional 24 dwellings.
Works will also include restoration of the original clock face and painting and cleaning of the building’s historic façade.
Hull’s portfolio holder for regeneration and housing, Cllr Paul Drake-Davis, said: ‘This is an excellent project which will bring back into use a large, vacant building, whilst also providing new city centre residential opportunities.
‘The Levelling Up Fund continues to contribute to Hull, bringing in private investment to help regenerate our city centre.’