The contract covers the full refurbishment of the historic buildings including new roof structures, replacement windows, and full internal reconfiguration to create 40,000 sq ft of workspace with ancillary retail and leisure facilities.
When this is completed it will provide a creative campus with a mix of units to suit 40-50 small and medium size companies. Along with individual units there will be a range of meeting areas, break out facilities, and amenities to engender a collaborative and inspiring environment.
The 16-month build programme has just commenced and it is scheduled to be completed and ready for businesses to move in by December 2021.
Richard Pearce, CEO of TCN, said: “Newark Works will once again be the entrepreneurial pride of Bath. We are delighted to have reached this point and welcome BAM on board to help us deliver our vision."
Historic England recognises how iconic Newark Works is, stating on its website: "The Newark Works are the last surviving historic works of Stothert & Pitt Ltd, 'cranemakers to the world', an internationally renowned firm which was founded in Bath.
"Cranes produced by the company survive throughout the World, particularly within the former Empire. Stothert & Pitt Ltd had its origins in George Stothert's (1755-1818) ironmongery business in 1785.
"As the firm of Stothert & Pitt became established it developed a reputation for heavy engineering, particularly the designing and construction of dockside and offshore cranes."
It adds: "Stothert & Pitt closed in January 1989, bringing to an end a celebrated commercial enterprise which was a major employer in Bath."
A key part of Bath’s Enterprise Zone, Bath Quays South will offer spaces for the digital, technology and creative companies who can deliver the right type of jobs for Bath’s economic future.