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The refurbished building will be used for artistic, educational and community projects, but will not be a performance space.
Music is now supported under the 'Made in Scotland' scheme alongside theatre and dance.
The award ceremony will be hosted in Scotland for the first time in 2015.
New funding structures and systems will aim to improve the experience of grant applicants and use Lottery money more effectively.
New grant-making model for Scotland as Creative Scotland prepares to abandon its funding hierarchy
Yorkshire declares independence while Scotland joins forces
Creative Scotland have been advised a new model to help individual artists work with producers.
Amateur dance is thriving but skills shortages and lack of scope for career development are holding back the professional sector.
Creative unions are seeking support for regulating pay rates.
Scotland's draft budget for 2013-14 continues to invest in the cultural sector to 'support economic growth'