A major regeneration project aims to protect the future of the fishing industry in an historic Devon port.
The regeneration aims to improve the economy of Brixham
The South West Regional Development Agency (RDA) is to invest £8.6m in the project, which will see the existing fish market in Brixham transformed.
The scheme will also see new homes and employment space built, as well as the improvement of tourism and leisure facilities in the town.
About £2m of the money is from the European Union's Objective Two scheme.
The current Brixham fish market, which was built in 1971, will be completely refurbished.
The work will also include a major extension to the market, with improved access and auction facilities, a new tourist walkway, plus a restaurant and shop.
The project also includes a development at nearby Oxen Cove, which will provide employment space for 10 fish processors relocated from the existing market, a new harbourmaster's office and further offices and business units.
The RDA said the scheme would give the fishing industry the support it needed to become more efficient and competitive.
Spokeswoman Sue Brownlow said the project was also the first step in the wider regeneration of Brixham.
She said: "There is a clear need to support Brixham's traditional industries, as well as encouraging new business, employment and investment opportunities.
"We hope the fish market and Oxen Cove projects will set the ball rolling on the regeneration of the town at the same time as setting a high standard for future schemes."
Torbay Council and the Torbay Development Agency are also involved.
Torbay Mayor Nick Bye said the announcement marked a significant step towards the extensive regeneration plans for the town.
Construction work is due start in the autumn.