The cash takes the art charity to 90 per cent of its target £11m funding total, prompting it to appeal to the public to help raise the remaining £1m toward the capital costs for the build.

The abandoned structure – formerly home to the North British Rubber Company – will house a printmaking studio, two fully accessible galleries, dedicated learning spaces and a deli and wine bar.

The designs by Page\Park also include a shop which will sell original art and a flat for an artist in residence.

CEO of Edinburgh Printmakers, Sarah Price said: “After a long search for a new home for Edinburgh Printmakers, we set our sights on Castle Mill Works as somewhere to create a contemporary and accessible arts centre offering a year-round public programme of exhibitions, events and learning experiences.

“Our plans for the building developed - as did our ambition. This significant award from the Scottish Government enables an additional extension to the existing building to house high-quality creative industry workshop and retail spaces that will support an estimated 50 creative industry practitioners. Operating as an incubator we plan to engage with local young people to raise awareness of the career opportunities within the creative industries.”

It is hoped the new centre will open to the public by late 2018.