A £2.2M revamp of New College Stamford is on schedule to be completed in the spring.
The redevelopment includes a new reception area and welcome zone, a restaurant, shops and a students social area.
The former welcome area will be refurbished into a new hair and beauty studies area with new suites and salon, a restaurant and shops.
The college has also expanded its engineering, construction and green technology department with a new plumbing, carpentry and electrical centre in Stamford Trade Park and a motorcycle centre in Stamford Business Park, both off Ryhall Road, and a brickwork centre in Gwash Way.
Principal Andrew Patience, who joined the college in September, said it was an exciting time.
He said: “We are delighted that the project is on schedule and ready for our students and staff to enjoy in April.
“New College Stamford is investing in new and growing areas of the curriculum and is continuously responding to the education and training needs of its learners and the business community.
“The new build and adjoining facilities will allow us to provide superb training facilities and resources for all our students under one roof and allocate our resources more economically, efficiently and effectively.”
As part of the redevelopment the college has agreed not to extend the lease on the Stamford High Street Travel Shop, which comes to an end in March.
Anyone who has booked a holiday at the travel shop will have it honoured by another travel company.
Staff at the travel shop will be redeployed within the college. The funding will be reinvested back into the college curriculum.
The college already had the funding in its reserves, which it had put aside to go towards a £41m grass-roofed university centre and sports building it had hoped to build.
This project was spearheaded by former principal Miles Dibsdall, who left the college last April for a role in Edinburgh.
But the plans were put on ice when the Learning and Skills Council had to review the projects it was supporting because it did not have enough cash available.
Although some schemes still received money, the college was not one of them.