Fife is one of four areas chosen for new business hubs thanks to Scottish Government local economic development funding of £10 million.
The Kingdom will receive £2.7m, Clackmannanshire £2m, Hawick £3.625m and Irvine £1.675m
The funds will be used to deliver a variety of business infrastructure projects; including small industrial workshops, spaces for small and growing businesses and new industrial business space.
Minister for Business, Innovation and Energy Paul Wheelhouse said: “As was made clear in the Programme for Government, we wanted to introduce measures to boost business confidence and keep our economy moving.
“I’m pleased to now be able to confirm the four areas that will receive a share of the £10 million, I have no doubt that these projects will help to drive our economy and provide a real benefit to people across the country.
“In the wake of the EU referendum, we have committed to protecting Scotland’s interests, particularly our economic interests.
“We have been working to ensure that money reaches businesses, communities and individuals where it is most needed.
“Local businesses can be the engines of our economy and strong local economies are crucial to our success.”