Designed by Sheffield-based architect HLM the 972-bed scheme will involve construction of around 400,000 sq ft of space across the proposed complex.

The scheme will also include commercial space and a new pedestrian link along the western edge of the site connecting Garden Street through to St Vincent’s Church.

An 18-storey tower will become a new landmark in a part of the city designated for tall building development. There will be 251 self-contained studio apartments in the tower, which will enjoy views over the city and the Peak District beyond.

Delia Harmston, Associate at HLM, said: “We are delighted that planning permission has been granted for this exciting project which is set to become one of Sheffield’s landmark developments.

“As an international practice with a strong Sheffield base, alongside BSRE who have been investing in Sheffield since 2013, we are privileged to be contributing to the on-going regeneration of our city and to the vibrancy of this new city quarter.

“The purpose-designed scheme will set the standard for student accommodation and will provide much-needed housing for students along with employment opportunities and improved public spaces.”