Plans to regenerate a Devon fish quay have taken an important step forward after receiving European support.
The European Fisheries Fund (EFF) promised to give up to £450,000 towards the redevelopment of Teignmouth's fish quay.
The body made the commitment to part-fund the £900,000 scheme aimed at revamping the marine operating base at Gales Hill. Officers at Teignbridge District Council said the decision was a huge boost to the town's fishing and tourism trade.
The scheme includes the building of a new fishing quay at Gales Hill and the replacement of an old existing wooden jetty.
The new facilities will enable better handling and a quicker turnaround for local boats meaning the catch will be brought to market quicker and in better condition. Nigel Roberts, president of the Teign Fishermen and Waterman's Association, said: "This offer in principle is a great Christmas present for the local industry, but we all recognise there will be a lot of detailed and often difficult work to turn this news into the facility we are all working towards.
"The scheme offers modern landing facilities for the Teignmouth boats, better maintenance space as well as better security for the shore-based dependent jobs and opportunities for public facilities."
The regeneration project secured outline planning permission in September 2010 with the area having long been earmarked for major enhancement works.
In January the council agreed to help the Teign Fishermen's and Watermen's Association vision to redevelop the marine operating base.
Councillor Sylvia Russell, Teignbridge District Council's executive spokesperson for tourism and the chairman of the Teign Estuary Partnership, said: "We are all delighted with this commitment. The decision to provide officer time and expertise to this process was the right one to make and played a huge part in getting to this stage.