The museum designed by Japanese architect Kengo Kuma will be the focal point of the city’s waterfront regeneration and is expected to attract 500,000 visitors in its first year.
Philip Long, Director of V&A at Dundee, said: “We are delighted that planning permission has been granted.
“This now allows us to move further with elements of the design and building programme, including procurement and tendering, and we will be doing that in due course.”
The V&A at Dundee project team is hoping to start on site by the end of Summer 2013, subject to environmental approvals and the sign off of Heritage Lottery funding.
The remaining funding will come from private benefactors, which a source told the Enquirer was going very well with about £4m raised.
Cabinet Secretary for Culture and External Affairs Fiona Hyslop said: “The Scottish Government has committed more than £18m towards this pioneering project which is at the centre of Dundee’s regeneration.
“Our substantial financial contribution demonstrates this Government’s commitment to continue investing in capital projects such as this to support economic recovery and create more jobs.”