Scarborough’s historic market hall is to be brought into the 21st Century thanks to a £3 million grant.
A mezzanine level at the hall will be built using the money to bring more visitors and businesses to the location.
The £2.7 million from the Department for Communities and Local Government’s Coastal Communities Fund will create space for 30 new businesses and a new ‘virtual’ market to promote local producers and suppliers.
It is anticipate more than 80 jobs and apprenticeships will be created.
A restaurant and cafe could also be created.
Scarborough Cllr Derek Bastiman, portfolio holder for regeneration and planning, said: “Scarborough Borough Council is delighted with this decision.
“The market already plays a key role in Scarborough’s old town providing jobs and services.
“Through significant investment we aim to create a 21st Century Market Place promoting the artisan movement and the best of local produce, creating new businesses and employment opportunities and developing a market apprenticeship scheme for local people.
“We will also be promoting healthy living and enterprise in partnership with the local school.
“In total we hope to create 30 new businesses and 60 new jobs”.