The school opened in September 2015 following the amalgamation of Coleraine Academical Institution and Coleraine High School.
The investment of over £11 million from the Department of Education's School Enhancement Programme will provide a new classroom block and refurbishment of existing buildings on the site of the former Coleraine Academical Institution on the Castlerock Road.
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Dr Mark Browne, Permanent Secretary at the Department of Education, said: "Ongoing investment in our schools’ estate is essential if we are to continue to provide the high-quality education that our teachers and young people deserve.
"As well as investing in our schools’ estate, it also provides a boost to the local economy and secures construction jobs. I am very pleased that this project has been able to proceed to this point."
Final construction works are due to be complete by summer 2024.
