Southampton Institute will be officially renamed Southampton Solent University on 15 August, its bosses have revealed.
The institute was told on Tuesday that the Privy Council has confirmed its new university status.
The institute, which has more than 16,000 students and about 1,300 members of staff, will be the second university in Southampton.
A series of events will be held in the city to launch the new "brand".
'Teaching excellence'
The institute's principal Prof Roger Brown will become the first vice-chancellor of Southampton Solent University.
He said: "We aim to make Southampton Solent University a leading university in the south of England but that doesn't mean changing our mission or ethos, or the qualities that have already made us successful.
"We shall remain a friendly, accessible institution committed to teaching excellence, engaging with the local community, and preparing our students for success in the world of work."
Southampton Institute's origins go back to the formation of a private school of art in 1856.
It became an independent higher education corporation in 1989.
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