Hull city centre is receiving £19.5m from the Government’s Levelling Up Fund.
The investment, announced in October's Budget and approved by Hull City Council’s Cabinet on Monday, will focus on supporting the regeneration of Whitefriargate and Albion Square.
Councillor Daren Hale, leader of Hull City Council and portfolio holder for economic investment and regeneration said: “We have never underestimated the need to invest and reimagine our high streets and city centre.