The Briggait will add a creative industries hub and food and drink market under new development plans for the historic venue beside the Clyde, close to Glasgow Green.
The Briggait Clydeside Market Halls has been awarded £1.6million to restore the 1200 square metres space.
It is one of five regeneration projects in the city which have been awarded almost £5.5m.
Glasgow City Council has accepted the award of £5.469million in Regeneration Capital Grant Fund support from the Scottish Government for the community projects in the city.
The Citizens Theatre, Govanhill Baths, Possilpark Family and Community Centre, and Elderpark Learning and Community Centre were awarded an additional £1.5million, £2,000,000, £110,000 and £250,000 respectively from the RCGF.
Councillor Kenny McLean, Convener for Housing, Development, Built Heritage and Land Use at Glasgow City Council, said: “These five projects in Glasgow will each bring many different benefits to their local communities and be integral to the regeneration of the areas which they serve. The latest Regeneration Capital Grant Fund support for Glasgow is key to the delivery of these projects.”
Audrey Carlin, Chief Executive Officer of WASPS, said: “This is an important and validating step in the development of The Briggait, one of Glasgow’s most historically significant buildings.
“Since Wasps took control of the complex 13 years ago, we have cultivated and supported a thriving creative community as well as managing an active multipurpose venue.
“Securing this fund allows Wasps to restore the former market halls at The Briggait, while reconnecting Glasgow’s City Centre to the riverside and the local community to this important landmark.
“This development moves one major step forward towards ensuring that Glasgow’s former fish market is preserved as a heritage structure and that we have more to offer the local community and visitors to the city.”