The project is part of the wider regeneration of Farnborough town centre, which includes plans proposing more than £250M worth of investment over the next ten years. This is on top of the £150M already invested in The Meads project at the northern end of the town centre.
The first stage of the Queensmead refurbishment is due to begin later in the spring. Work is expected to be completed during 2012/2013.
David Quirk, Director of community and environment for Rushmoor Borough Council said: "We are delighted that Rushmoor Borough Council's Cabinet approved this vibrant scheme, which is a major step towards our vision for Farnborough. The refurbishment of Queensmead will greatly improve the feel of the town centre and make it more pleasant and attractive to shoppers and new businesses alike."
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