Bondholder The Arkwright Society's Cromford Mills: Building 17 project has taken top honours in a pan-European heritage competition.
The project is one of only two UK winners of the 2017 European Union Prize for Culture Heritage/Europa Nostra Award.
Independent juries examined a total of 202 applications, submitted by organisations and individuals from 39 countries across Europe.
Commenting on the project, the jury said: “This project represents a good adaptive reuse of a notable site of industrial heritage and is a key component of an important ensemble of buildings. Had it been demolished or left to further deteriorate, it would have been a scar on this World Heritage Site."
David Williams, Chair of The Arkwright Society, said: “To win this prestigious award is a phenomenal achievement and testament to the hard work and dedication that has been put in by so many people over many years.
“This award is acknowledged as Europe’s top honour in the heritage field and we are proud to take our place among the 28 other projects from 18 countries across Europe.
“Being at the heart of the Industrial Revolution, ‘Building 17’ is one of the most culturally important buildings in the UK. It will continue the sense of entrepreneurialism, innovation and creativity that characterised Arkwright’s mills.”