Future planned phases of the scheme include a range of other complementary uses of the site including up to 25,000 sq metres of new grade A offices and commercial space and a hotel.
Funding for the Becketwell project includes £8 million in Local Growth Fund investment from the D2N2 Local Enterprise Partnership.
The £45 million performance venue element of the scheme will offer fully flexible space, capable of staging shows, comedy acts, bands and conferences, with secondary space of up to 400 capacity and is scheduled for completion in 2024.