The architect for the £7-8m, 320-seat building on the Globe site will be Allies and Morrison.

Fund-raising for the development is under way and work is expected to start in late 2012 so the theatre is ready for the 2013 winter season.

The Globe is open air  and the new theatre will enable it to put on performances through the winter.

It is being based on plans for a Jacobean theatre owned by Worcester College Oxford, thought to have been the work of renaissance architects Inigo Jones or John Webb.

As with the Globe, which is based on an oak frame, the new theatre will use authentic materials. These may include brick walls, but the roof frame, two galleries of seating and other internal fixtures are likely to be timber-based.

Also signed up for the project is Peter McCurdy of  historic timber frame reconstruction specialist McCurdy & Co. The company was involved in the construction of the Globe itself, spending six months surveying timber structures to ensure authenticity and  historic precedents and  sourcing the oak trees from which to shape the 28ft columns and cross beam supporting the theatre’s 16-tonne 'pentice' roof.

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