Mr Simon added the charity hoped to “unlock” potential for many local artists and designers who were previously working from home.
“We are excited to see how these studios catalyse more culture in our wonderful town,” he said.
Jack Greenwood, one of the artists using the new space, said: “Having access to a local, affordable studio in Shepton Mallet is something I never dreamed would happen and has already benefited me hugely.”
He added he had already got more visibility for his work.
“It’s been great for my mental health and confidence as an artist to be out of the house and working in a dedicated space,” Mr Greenwood added.
“It’s invaluable to be part of a thriving art community. It has given my art career a boost and a new direction, and I think it’s a great thing for Shepton Mallet as a whole.”
