The House of Commons will open for corporate and private events from January 2014. A selection of 15 dining rooms and pavilions will be put up for hire with costs ranging from £900 for an evening event to almost £1,000 an hour for a full day event.
A spokesperson from the House of Commons said: "In June 2013, the Administration Committee considered the practical details of implementing proposals relating to third-party hire of banqueting and events facilities.
"The venue has been taking bookings since the autumn, with the first events taking place from early 2014."
The Commons Commission, which is in charge of parliamentary bureaucracy, has already turned down a handful of event applications.
Kevin Jackson, vice president at George P Johnson, said: "I think this is a brilliant move for a number of reasons, not least of which is that this unique venue will stimulate huge interest amongst corporate clients."
The decision by UK Parliament to welcome corporate and private events to the House of Commons was made in order to help raise money for repairs and refurbishments to the building.
Jackson added: "This shows the power of events as the All Party Parliamentary Group report on the UK Events industry suggested. It is a major source of revenue and growth for the country."