In October 2016, a £17 million redevelopment programme started to reinvent and redevelop the museum for the 21st century, incorporating the principles of Science, Technology, Engineering, Art, and Mathematics (
STEAM). The redevelopment involved an innovative integrated project insurance (IPI) procurement model which aimed to eliminate the common blame/claim culture within construction projects by creating a shared-risk, alliance-based contract governing all project team members. The alliance members delivered the project on time and to budget, despite the
COVID-19 pandemic and suppliers going into administration. The museum reopened on 21 May 2021 under the new name of the Museum of Making. In its first year of opening the new Museum of Making received a 'Highly Commended' placement in the annual Museum+Heritage Awards within the category 'Sustainable Project of the Year'. In September 2021 it also won the National
Construction News Awards on the category 'Project of the Year Under £25m', as well as five further awards in the
Constructing Excellence East Midlands Awards. On 10 May 2022 it was announced that the Museum of Making was short-listed for the 2022 Art Fund Museum of the Year award. The museum exhibits are largely on the upper floors to reduce the amount of damage that would be done in the case of flooding such as that which occurred in October 2023 due to
Storm Babet. Damage caused by the storm led to the closure of the museum until 25 January 2024. In August 2025 the museum applied for planning permission to fit its workshop area with flood protection. ==See also==