The scheme aims to transform one of Cornwall's poorest areas, Pool - which is also a World Heritage Site - into a 'cultural landscape' with creativity as its focus.
The scheme, entitled Cornwall's Heartlands project, aims to transform the former mining landscape into a 'living landmark' by 2010.
According to the local authority, Kerrier District Council, the scheme will attract 200,000 visitors a year and has been strongly supported by English Partnerships and the Urban Regeneration Company.
The project aims to transform 7.5ha of derelict land, which will 'celebrate the culture of Cornwall' transforming Robinson's Shaft mine into a visitor centre.
The park also aims to be the UK's first purpose-designed Zero Energy Park, with energy being generated on site, equalling or exceeding that expended to run and maintain it.