Communities Minister Gordon Lyons has confirmed the allocation of £900,000 to improve public spaces in Bangor, Newtownards, Holywood, Comber and Donaghadee.
The initiative forms part of a broader strategy to strengthen town and city centres within the borough's main urban locations.
Ards and North Down Borough Council is responsible for managing the delivery of the project.
Local authorities will contribute £90,000 of the total cost towards the scheme's implementation.
Construction activities are projected to finish by 2028.
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