The A-listed red sandstone building has fallen into disrepair since it became redundant in 2001. Govan Workspace will use the £443,642 to convert it into a business centre at the heart of the proposed Govan Conservation Area.
Culture Minister Linda Fabiani MSP said: "Govan's shipbuilding past is firmly tied to Scotland's development as an industrial nation and identity. It represents our aptitude for engineering, ingenuity and craftsmanship. I am delighted that the office building is to be developed into a centre for business that will bring investment to the area.
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"Scotland's heritage is rich and varied and it should be celebrated, but I also believe it is crucial that this is done by embracing what that heritage stands for and continuing to utilise it whenever possible. These grant awards will see real benefits for communities across the country and to the nation as a whole."
The Building Repair Grant Scheme helps protect the nation's architectural heritage and has seen more than £150m invested by Historic Scotland in the last 15 years.
(GK/JM)
