The Dunfermline gap site and Inverkeithing Heritage project are all in line to receive a portion of Scottish Government funding as part of its Place Based Investment Programme. 

Fife Council is likely to allocated £1.9 million this year by the government, with the funding aimed at supporting place-based projects across Scotland that "meet the needs and aspirations of local communities and accelerate the Scottish Government’s ambitions for place".

This includes 20-minute neighbourhoods, town centre actions, community led regeneration projects and community wealth building. 

The five-year stimulus package is in its final year – with Fife already having received a total of approximately £13.7 million since 2019. 

This year, Fife is likely to receive £1.9 million, and Fife Council's cabinet committee has unanimously agreed on a list of projects that will benefit. 

Inverkeithing Heritage Renewal Programme will receive the biggest share of the pot, with a grant of £600,000 to get the project over the finish line. 

It aims to restore Inverkeithing Town House, provide a facelift for the High Street and Market Square, move the Mercat Cross into the heart of the town, and provide a grant scheme to help private owners and businesses in the High Street area to improve their properties.

The scheme is already well under way, but a committee report explained the the main contractor had submitted an “extension of time claim". If agreed, that claim could see costs rise by £300,000. 

Additionally, tender exercises for the Inverkeithing public realm are likely to exceed budget costs by about £300,000. 

A grant of £300,000 is being allocated to Dunfermline Gap site City Square. 

The Dunfermline and West Fife constituency previously submitted a bid for the UK Government’s Levelling Up funding, but was unsuccessful.  As a result, the project needed funding from other sources. 

Other projects in Fife which will receive funding include the Riverside Park’s regeneration project in Glenrothes, Silverburn Flax Mill regeneration in Leven, and Cowdenbeath Town House regeneration.