The multi-million pound scheme is a key part of wider plans to transform the town centre, which include a new transport interchange and a redeveloped Mill Gate complex.
The three-storey flexi hall, over two floors, could be used for a huge variety of purposes – from conferences to awards dinners, trade exhibitions and weddings and parties.
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Other uses for the hall include space for support groups, hobby groups and indoor sports. It could even host music concerts, boxing matches, festivals and pop-up trading opportunities.
The proposals were approved this week by members of the council’s planning committee, along with the demolition of existing buildings on Murray Road, Market Street and Princess Parade, and a new canopy structure to cover the existing outdoor market.
Councillor Eamonn O'Brien, leader of Bury Council, said: "This is great news, and means we can really get on with the regeneration of the town centre, with our historic Bury Market at its heart.
"The council is putting unprecedented levels of funding into town centres across the borough, augmented by our successful bids to the Government’s Levelling Up Fund.
"In this way, we can ensure that Bury is a prosperous borough for all, a place we are proud to call home."
