More than £1m has been earmarked to help create jobs and apprenticeships in Whitley Bay.
The government has announced £27m is being spent on 50 coastal communities around the country as part of their long-term economic plan.
The funding is aimed at helping create jobs and apprenticeships.
And of the funding, £1.125m has been earmarked to help regenerate Whitley Bay seafront and contribute to the restoration of the Spanish City Dome.
Mayor Norma Redfearn, said: “This funding is fantastic news.
“It will be really exciting to see shops at the Spanish City Dome once again and the extra visitor parking will be a real boost for the seafront area.
“Our work in Whitley Bay is gaining pace and this latest development will provide even more momentum.
“All of this will have an extremely positive impact on Whitley Bay and North Tyneside as a whole, attracting new visitors and future investment.
“It should give residents and local businesses confidence that things are really moving forward.”
Paul Woolston, chair of the North East Local Enterprise Partnership, also welcomed the funding.
He said: “The region’s coastal businesses are vital in attracting new visitors and regeneration to our fantastic coastline.
“I’m delighted that Whitley Bay will be helped to grow through funding from the Coastal Communities Fund. The support will boost growth and help to speed the creation of jobs and training in North Tyneside.”
The Ministers also announced that bidding for the next round of the Coastal Communities Fund was now open and that bids on coastal flood protection and repair would be prioritised.
The fund will support £64m of projects across England, Wales, Northern Ireland and Scotland over the next three years.