diff --git a/extras/Projucer/Source/Utility/jucer_StoredSettings.cpp b/extras/Projucer/Source/Utility/jucer_StoredSettings.cpp
index 9d5c651d67..e323498719 100644
--- a/extras/Projucer/Source/Utility/jucer_StoredSettings.cpp
+++ b/extras/Projucer/Source/Utility/jucer_StoredSettings.cpp
@@ -89,6 +89,7 @@ void StoredSettings::updateGlobalPreferences()
 {
     // update 'invisible' global settings
     updateRecentFiles();
+    updateLastWizardFolder();
     updateKeyMappings();
 }
 
@@ -97,6 +98,11 @@ void StoredSettings::updateRecentFiles()
     getGlobalProperties().setValue ("recentFiles", recentFiles.toString());
 }
 
+void StoredSettings::updateLastWizardFolder()
+{
+    getGlobalProperties().setValue ("lastWizardFolder", lastWizardFolder.getFullPathName());
+}
+
 void StoredSettings::updateKeyMappings()
 {
     getGlobalProperties().removeValue ("keyMappings");
@@ -136,6 +142,8 @@ void StoredSettings::reload()
     recentFiles.restoreFromString (getGlobalProperties().getValue ("recentFiles"));
     recentFiles.removeNonExistentFiles();
 
+    lastWizardFolder = getGlobalProperties().getValue ("lastWizardFolder");
+
     loadSwatchColours();
 }
 
diff --git a/extras/Projucer/Source/Utility/jucer_StoredSettings.h b/extras/Projucer/Source/Utility/jucer_StoredSettings.h
index 183b7f7483..3462672c4c 100644
--- a/extras/Projucer/Source/Utility/jucer_StoredSettings.h
+++ b/extras/Projucer/Source/Utility/jucer_StoredSettings.h
@@ -63,6 +63,7 @@ public:
     //==============================================================================
     AppearanceSettings appearance;
     StringArray monospacedFontNames;
+    File lastWizardFolder;
 
     //==============================================================================
     Value getStoredPath (const Identifier& key);
@@ -87,6 +88,7 @@ private:
 
     void updateGlobalPreferences();
     void updateRecentFiles();
+    void updateLastWizardFolder();
     void updateKeyMappings();
 
     void loadSwatchColours();
diff --git a/extras/Projucer/Source/Wizards/jucer_NewProjectWizard.h b/extras/Projucer/Source/Wizards/jucer_NewProjectWizard.h
index ab7b26e2c9..9674c1ab42 100644
--- a/extras/Projucer/Source/Wizards/jucer_NewProjectWizard.h
+++ b/extras/Projucer/Source/Wizards/jucer_NewProjectWizard.h
@@ -42,13 +42,16 @@ static Project::Item createSourceGroup (Project& project)
 
 static File& getLastWizardFolder()
 {
+    if (getAppSettings().lastWizardFolder.isDirectory())
+        return getAppSettings().lastWizardFolder;
+
    #if JUCE_WINDOWS
-    static File lastFolder (File::getSpecialLocation (File::userDocumentsDirectory));
+    static File lastFolderFallback (File::getSpecialLocation (File::userDocumentsDirectory));
    #else
-    static File lastFolder (File::getSpecialLocation (File::userHomeDirectory));
+    static File lastFolderFallback (File::getSpecialLocation (File::userHomeDirectory));
    #endif
 
-    return lastFolder;
+    return lastFolderFallback;
 }
 
 //==============================================================================
diff --git a/extras/Projucer/Source/Wizards/jucer_NewProjectWizardComponent.h b/extras/Projucer/Source/Wizards/jucer_NewProjectWizardComponent.h
index e97756b15f..3c92be5599 100644
--- a/extras/Projucer/Source/Wizards/jucer_NewProjectWizardComponent.h
+++ b/extras/Projucer/Source/Wizards/jucer_NewProjectWizardComponent.h
@@ -446,10 +446,15 @@ public:
                     getAppSettings().getStoredPath (Ids::defaultJuceModulePath).setValue (wizard->modulesFolder.getFullPathName());
             }
 
+            auto projectDir = fileBrowser.getSelectedFile (0);
+
             if (ScopedPointer<Project> project = wizard->runWizard (*this, projectName.getText(),
-                                                                    fileBrowser.getSelectedFile (0),
+                                                                    projectDir,
                                                                     modulesPathBox.isUsingGlobalPaths))
+            {
                 mw->setProject (project.release());
+                getAppSettings().lastWizardFolder = projectDir.getParentDirectory();
+            }
         }
     }