BAE is the main employer in Barrow, where it operates the largest shipyard in the UK.
The proposed PWC Hall will consist of simulated environments for physical work tasks, workshops and machinery areas.
There will also be meeting rooms, offices, demonstration areas and a virtual reality area, the Local Democracy Reporting Service said.
A report by council planning officers said the “continued disuse” of the building could have negative impacts on the town centre and that BAE’s approach sought to “retain and enhance” the architectural features of the building.
It added the main benefit would be the increase in football, with an estimate of 650 people using the building on a regular basis.
“Barrow has some hugely exciting opportunities ahead,” Ms Garner said.
“We are extremely proud to be playing our part and contributing directly to Barrow town centre regeneration.”
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