The world's first iron-framed building in Shrewsbury will receive a £12.8 million lottery grant for redevelopment.
The funding, which will be given to six existing and potential tourist attractions around the UK, is designed to promote the country's heritage tourism economy.
The forerunner of modern skyscrapers, the Flax Mill Maltings will be restored for commercial, visitor and community purposes.
Work will begin in October this year and will be finished in 2016 when the site will open to the public, providing a workplace for hundreds of people.
More top news
A mild or very mild day tomorrow with sunny spells.
Dry and becoming breezy. Mild.
People in Wolverhampton and Birmingham are among the least likely in Britain to join the organ donor register.