Building contractors are being sought for the renovation of a warehouse at Bowling Green, which will be transformed into "a new co-working and innovation space over two levels".
Galway City Innovation District, the organisation behind the PorterShed, has sought expressions of interest from building contractors for the works.
Senator Seán Kyne, the acting Minister for the Irish Language, the Gaeltacht and the Islands, said this was "welcome news for our city and county given the immense pressure on the economy due to Covid-19".
"The PorterShed continues to be an exemplary success in encouraging start-ups, supporting job creation, and attracting significant investment to the West of Ireland," he said.
He described the PorterShed as embodying "commitment and optimism" and that it was vital "to the future growth of Galway". He said: "I sought support for the PorterShed at Government level and through State agencies with the most recent support – €1.295 million from the Regional Enterprise Development Fund – having been secured earlier this year."
