A further £3.7 million in funding has been secured to transform St Neots town centre ahead of a public consultation.
The £12m scheme, led by Huntingdonshire District Council (HDC), will see the regeneration of the Old Falcon Inn, redevelopment of the Priory Centre and area outside and the Market Square.
The Government confirmed the district council's bid to the Ministry of Housing, Communities and Local Government (MHCLG) had been successful.
As part of the regeneration, there will be improvements made to the High Street, the St Neots bridge an the waterfront.
Nigel McCurdy, corporate director for place at HDC said: "We are delighted to get the final funding confirmation from the Government, which means we can now get on with delivering these improvements. The next step will be for the council to undertake widescale consultation"
The total funding breakdown is as follows:
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£3,748,815 from the Future High Street Fund
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£3.1m from the Cambridgeshire and Peterborough Combined Authority
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£5.25 million from Huntingdonshire District Council
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