The society's former office building at the Bath and West Showground is currently undergoing a £520,000 refurbishment with the aim of transforming it into a hub of rural enterprise across Somerset and the South West of England.
The centre will feature a conference and seminar area for up to 80 people, a commercial test kitchen, meeting rooms and commercial office space for agri-tech, food and drink or rurally focused-businesses.
Work is already underway on the centre, with the doors scheduled to open in January 2018.
Rupert Cox, chief executive of the Bath & West Society, said: "Since 1777, the society has been working tirelessly towards the improvement and encouragement of agriculture, manufacture, commerce and the arts. Over 240 years later, we remain committed to ensuring our rural community continues to thrive in today's modern society.
"Education, knowledge transfer and business growth is at the heart of the centre and the facility will provide the perfect venue for farmers undertaking knowledge transfer projects, higher education graduates completing research projects, further education students gaining farming knowledge and skills, the rural workforce learning vocational skills to increase their employability and micro food and drink businesses looking to expand and grow."