Doncaster's Waterdale area has been named among an extra 50 towns and cities across the country that have been chosen to benefit from the Government's £1bn High Streets Fund.
The funding can be used for schemes that improve transport links, convert empty shops into new homes and offices, or deliver other benefits.
Each area will receive up to £150,000 to support the development of detailed project proposals that can be submitted to the Government for capital funding.
Prime Minister Boris Johnson said: "Our high streets are right at the heart of our communities, and I will do everything I can to make sure they remain vibrant places where people want to go, meet and spend their money.
"But with our town centres facing challenges, we're today expanding the High Streets Fund to support over 100 high streets to regenerate - backed by £1bn of vital investment.
"This scheme is going to re-energise and transform even more of our high streets - helping them to attract new businesses, boost local growth, and create new infrastructure and jobs."