Fabric is to reopen after the Farringdon nightspot's bid to win back its licence was successful.
Islington Council revoked the club’s licence back in September, citing major safety concerns following the drug-related deaths of two teenagers at the nightspot.
The club’s supporters raised more than £325,000 to fund the club's appeal and a four-day hearing had been scheduled to begin on November 28, prior to today's announcement.
"We are hugely thankful to be able to confirm the news that we have won our licence back," the club said in a blog post. "We owe everything to our supporters. We really would not be here today without your unparalleled support and generosity."
The decision is subject to Fabric complying with a strict series of measures, including the banning of people under the age of 19 from the club, the use of a new ID scanning system on entry, enhanced search procedures and control, covert surveillance within the venue and lifetime bans for anyone found in possession of drugs or trying to buy drugs in the club.
A joint statement by the London Borough Of Islington and Fabric Life Limited said: "Fabric has offered many new additional conditions to be added to its licence, all of which are designed to ensure a Zero Tolerance approach to drug possession, consumption and sale within the club. It has also developed a new and detailed ISO accredited operations manual setting out how compliance with these conditions is to be achieved, from the top to the bottom of its operation.
"Fabric accepts that its procedures in relation to searching were insufficient, as were its procedures to prevent the consumption and dealing of drugs within the club itself. Fabric accepts that the police acted reasonably in making the application for a review and that the authority’s sub-committee was fully entitled to revoke its Licence. Fabric repudiates the online abuse aimed at Committee members and Council staff and will permanently exclude anyone who has been found to be involved.
"Fabric is committed to doing all it reasonably can to ensure that no more of its clubbers come to drug-related harm. It also recognises that there need to be, and will be, changes to its management structure and accountability.
"The authority welcomes Fabric’s acceptance of all these matters. It is now satisfied that Fabric’s directors and senior management understand precisely what has to be done to ensure that Fabric is a safe environment for young clubbers, and that Zero Tolerance to Drugs means precisely that."
Mayor of London Sadiq Khan welcomed the news. “I am delighted that this agreement has been reached and that Fabric will now reopen," he said. "I have always said that we needed to find a common-sense solution that protects both the future of Fabric and the safety of all clubbers – as this does. I especially want to thank Islington Council for working so hard to come to this solution.
"In her first week in the job, my new night czar Amy Lamé held conversations with Islington Council, the Metropolitan Police and Fabric. My night czar will be working with other businesses, local authorities and Londoners to maximise the economic and social impact of a growing night time economy. I’ll also soon be announcing a new Chair of the Night Time Commission to work with Amy to help deliver a vision for a truly 24-hour city.”