1.5 million euro has been earmarked for regeneration in Tralee.
The funding is part of a 40 million euro national announcement under the European Regional Development Fund being unveiled by Minister Alan Kelly.
The fund promotes sustainable urban development.
The funding will be used for the regeneration of the former Denny’s site and Tralee Town Square.
It will match funded by Kerry County Council’s own resources.
The announcement has been welcomed by Kerry Labour TD Arthur Spring and Minister Jimmy Deenihan.