UK Prime Minister David Cameron has announced that £2.5m from the Regional Growth Fund has been allocated to Fleetwood Fish Park.
A bid was made by Reform Energy with a plan to develop land in Fleetwood into a fish park and create an innovative energy recovery plant adjacent to the park.
Councillor Pete Murphy, Cabinet member with responsibility for economic development at Wyre Council, said, "This is fantastic news, not just for Fleetwood but the whole borough. It's not just about a fish park though. There will be jobs created at the energy plant, in construction and possibly new retail and housing. It will have a massive positive impact with long term benefits."
The Regional Growth Fund supports projects that also raise private sector investment to create economic growth and employment. The funding will be used to create a fish park on land at the docks, creating new accommodation for existing fish processing businesses and expanding the industry.