The Northern Irish host town will be partly regenerated ahead of its hosting of golf’s Open Championship.
The Urban Development Grant from the Department of Communities will go towards redeveloping sites with vacant, derelict, and underused land before and after the local golf course hosts the Major Championship this July.
So far, £1m has been allocated for three projects in the town: £354,000 towards the refurbishment and extension of the Quays Bar on Eglinton Street; £485,000 towards an apartment scheme on Dunluce Avenue; and £116,706 to redevelop the old Bank building on Main Street into an apart-hotel with a bar/café.
According to the Department for Communities, other projects worth about £2m have been approved and are at early stages of development, while the majority of the regeneration works will be delivered after this coming summer.
"The Urban Development Grant scheme aims to reinvigorate town centres, encourage private sector investment, and tackle dereliction," says Paul McNaught from the Department for Communities.
"The Department’s investment to date has the potential to leverage £10m of private funding as well as redeveloping dilapidated buildings and vacant sites. This is part of a wide ranging programme of initiatives that will transform Portrush in advance of The 148th Open’s return to Royal Portrush in 2019 and into the future."