An extra £10m of Scottish Government funding is likely to boost manufacturing in Fife, according to council bosses.
The cash is part of the Tay Cities deal, which has already invested over £26m in an energy centre at St Andrews University, based in Guardbridge.
Nicola Sturgeon, the First Minister, says the money is being shared between Dundee, Perth, Angus and the North of Fife, to 'create opportunities for businesses'.
Council leaders in Fife believe the money could help bring contracts to dismantle oil rigs to ports in Dundee, Montrose and Methil.
In a joint statement, the Co-Leaders of Fife Council, Cllr David Alexander and Cllr David Ross said:
"Of course we welcome this significant investment to help boost the region’s economy.
"However, we will need some conversations with the Scottish Government to understand the criteria for allocating the funding and how Fife may be able to benefit directly from this addition to the Deal."