It was previously located near Banbury Cross. The current location is near Spiceball Park. An architectural design competition was launched by Cherwell District Council and RIBA Competitions to design the new Museum building.
It is accessible over a bridge from the Castle Quay Shopping Centre or via Spiceball Park Road. Admission to the museum is free. The town's tourist information centre is located in the museum entrance in the Castle Quay Shopping Centre.