EnterpriseGY, the seafront and the Winter Gardens could be set for a cash injection after councillors agreed to put in a bid for the latest round of coastal cash available from Government.
It comes after bidding opened for a share of the £90m of Government funding available UK-wide on May 23.
This can be used by coastal entrepreneurs to support their plans and invest in our much-loved seaside areas.
Councillors heard at last week's economic development committee meeting how there were two projects currently being considered, but that out of those there may come a third. Initially it was not revealed that these would involved EnterpriseGY or the seafront.
So far there have been three rounds of funding given out, and Great Yarmouth Borough Council were successful in two of these.
The first round, in 2010, saw £600,000 given over 24 months to support neighbourhood-based employment, social enterprise start-ups and the EnterpriseGY programme.
EnterpriseGY was again successful in the third round and £656,250 was awarded over 21 months to extend the support offered by the initiative.
Officials from different council departments were asked to put in their ideas by May 31, and the council will then have to submit their final bid to the Coastal Communities Fund by June 30.
Because of short amount of time to submit the bid councillors were told there would not be a chance for the Economic Development Committee to see the fully formed plans.
This caused concern among some members, who felt they did not know what they were agreeing to.
Michael Jeal, Labour councillor for Nelson ward, said he would vote against unless he knew what the projects were going to be.
But Conservative councillor for Ormesby ward Charles Reynolds said: 'That information can be sent to all members and should they have any strong objections they can go to the chairman.'
Chairman and Conservative councillor for West Flegg ward Barry Coleman added: 'If there are major concerns we will call another meeting but I'm concerned that the system doesn't come to a halt and we start calling meetings like the Swiss call referendums.'
Members agreed that after more developed plans for the bid had been circulated, if there were no major objections raised they would be happy to back the bid.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here