Work on the historic building, which is a stone’s throw from St Paul’s Cathedral, will begin in November, with work expected to complete in early 2022 ahead of its 2023 celebrations.

According to communications manager Deborah Rea the funds for the modernisation have so far come entirely from donations from members, a member loan note scheme and the Company’s own reserves. Fundraising continues, in an effort to bridge the remaining funding gap, which is underwritten by the Company.

The Hall was rebuilt following its destruction in the Great Fire of London in 1666, with the current building reopening in 1673.

The Worshipful Company of Stationers & Newspaper Makers began making plans to bring the grade 1 listed building into the 21st Century around five years ago, with its plans for a second entrance, lift and air-conditioning throughout now approved by Historic England.

“This landmark project will transform Stationers’ Hall by making it significantly more accessible, comfortable and safe. These three benefits will have a major impact on the future of our hall, making it truly fit for purpose,” said Stephen Platten who became Stationers’ master earlier in the summer.

Due to its location and history, Stationers Hall has become a popular events and weddings venue, holding, on average more than 25 industry and private events every month. It will remain closed during the building work.

Like many venues, it was hit hard by coronavirus restrictions, with only one event taking place in March when the Hanover Band used the Hall for two weeks to record all of Beethoven’s symphonies. However, it hopes to host two weddings before it closes on 1 November.