South Tipperary Development Company and Ballyhoura Development Ltd are to approve funding of €296,573 to Ballyporeen Community Council.
The money is to be allocated to renovate and upgrade the current community centre, which incorporatres the "Regan Centre".
Making the announcement Fine Gael TD Tom Hayes said the project will now go back to the Board of South Tipperary Development Company and Ballyhoura Development Ltd for the final approval of the project.
