The site will specialise in educating local students pursuing a career in the automotive industry.
The new facility will support up to 600 students from the Greater Nottingham area, will be built on Nottingham City Council land at Highfields, University Boulevard and will be owned by Broxtowe College.
It is proposed that the East Midlands Development Agency and the Learning and Skills Council will provide funding for the project which will also involve the Greater Nottingham Partnership and Nottingham Regeneration Ltd as partners.
The academy will accommodate Toyota’s 350 network apprentices from around the UK who are training on Toyota’s national apprenticeship scheme.
Students aged from 14 to 16-years-old will spend one day a week at the academy studying for motor vehicle maintenance and repair qualifications. School leavers who wish to continue their education in automotive engineering will also attend the academy.
The academy is scheduled to open in early 2007.