Leven is to benefit from up to £1 million of Fife Council cash after councillors approved the Labour administration budget.
The money will be used to revamp the town centre area, with particular focus on Bridge Street and the Shorehead.
Both were flagged up as needing attention during the much publicised Leven Charette in 2014, and plans for the changes are expected to be finalised in a matter of weeks.
Consultation with local business owners will then be carried out ahead of any construction work.
The news has been welcomed by Councillor Tom Adams, chairman of the Leven area committee, who said: “I want to thank Fife Council for taking the time to look at our business plan off the back of last year’s Charette.
“This money will make a huge difference - it will keep people on Leven High Street, which in turn will make a difference to businesses through footfall on the street. It’s the people’s town and this money will be used to keep the businesses and the public happy.”
He added: “This £1m also has potential to help bring in more cash for future projects.”