Blackpool's £220m Talbot Gateway regeneration scheme will go ahead despite a major source of its funding being pulled, the local authority has insisted.
The 10-hectare mixed-use development was the highest profile casualty of a decision by the North West Regional Development Agency this week to cancel £52m-worth of grants to 101 projects.
The Talbot Gateway was due to receive £23m from the Agency.
The project, which received planning permission in March, planned to include a new public square facing Blackpool North station, more than 330,000 sq ft of offices, a 90,000 sq ft foodstore, four new hotels, shops, cafes and restaurants.
But Helen France, executive director for places at Blackpool Council, said: "The announcement made by the NWDA is as a result of changes introduced by the Coalition Government and in no way reflects on the viability of the Talbot Gateway scheme.
"However, we are looking at alternative methods of supporting the scheme and will be looking to bid to the recently set-up £1bn Regional Growth Fund.
"We are confident that the Talbot Gateway scheme will still go ahead and remains an important part of our plans for the redevelopment of Blackpool."
France that the council's development partner, Muse, remains committed to the project.