The Harrogate district could receive £432,000 from a new government fund to create jobs and invest in skills.
The Ministry for Housing, Communities and Local Government unveiled the UK Community Renewal Fund in March to replace the loss of EU Structural Funds after Brexit.
The £220 million scheme is to be used to invest in skills, create jobs and help businesses.
The fund is initially being trialled as a pilot scheme before the UK Shared Prosperity Fund is fully rolled out next year.
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North Yorkshire County Council is set to bid for £8.4 million for the seven districts of North Yorkshire.
A report due before the county council’s executive next week has recommended the seven district councils receive the following sums if the bid is successful:

North Yorkshire County Council’s breakdown of how much each district would receive from the fund.
Of the seven districts, Harrogate would receive the lowest sum of £432,009. Scarborough would receive the highest, with £2,981,341 outlined in the proposal.
The government will have the final say on which projects are granted funding.
Projects which are awarded funding will have until the end of March 2022 to be completed.
Robert Jenrick, secretary of state for local government, said when outlining the fund:
“We recognise that each area has its unique challenges requiring unique solutions.
“So each pilot will empower places to explore how best to tackle local challenges– whether through building skills, supporting local businesses, supporting communities and places, or providing employment support – to build communities where people want to live, work and visit, while allowing government to evaluate how best to ensure levelling up right across the country.”