Donegal Airport in Carrickfinn is to receive €326,700 in funding for the development of the airport.
The funding package was secured by the Department of Transport, Tourism and Sport.
The grant is being made as part of the Regional Airports Programme capital investments in the areas of safety and security at airports.
The money will go towards covering costs associated with an extension to the airport to accommodate new aircraft.
Fianna Fail TD Pat the Cope Gallagher has welcomed the announcement: