Chancellor George Osborne made the announcement during his Autumn Statement to the House of Commons earlier today.
Named the Higgs Centre for Innovation, the base will provide a dedicated forum designed to link scientific and engineering expertise with industry chiefs.
And it has been awarded nearly £11 million of investment in order to create a leading facility to inspire the next generation of scientists and engineers by providing start-up business support and opportunities for new partnerships.
It will be situated at the UK Astronomy Technology Centre - part of the Science and Technology Facilities Council - on the university’s Royal Observatory campus.
Professor Higgs, who won the Nobel Prize for his work on the Higgs-boson particle, said: “This support from the Treasury and the STFC will create an environment in which future generations of scientists from around the world can share and develop ideas in theoretical physics.”