The area was previously named as one of seven ‘neglected’ Scottish towns to receive support through the UK Government’s Leveling Up Fund.
The move was announced back in 2023, with Irvine set to receive the funds for 10 years as part of the scheme.
Despite plans to advance the cash, there were fears that a change in government leadership could lead to a U-turn on the decision in the autumn budget – to help Labor deal with what it described as a “black hole” in the financing.
However, when chancellor Rachel Reeves announced her budget this week, confirmation was given to each of the 75 UK cities that will benefit that the plans will go ahead.
Each city will now be able to access their £20m, subject to a business case being approved.
In Irvine, a city council was created to decide the projects on which this money would be spent.
They should be responsible for identifying the issues and priorities on which the long-term plan will focus and support a process of ongoing community engagement.
The board will work with North Ayrshire Council to develop the plan, setting out how local partners will use their knowledge, powers, assets and new funding to deliver results for their communities.
The consultation process has already begun with an exercise for the community and other stakeholders.
This is being done online and through engagement activities at a range of events and venues over the coming weeks and months to maximize opportunities for participation.
Representatives were identified through commitment to local partnership and local interest.
The board will include three councilors from North Ayrshire, Cllrs Nairn McDonald, Matthew McLean and Chloe Robertson.