£25m has been committed to build the Dunard Centre, a long-awaited and much-debated concert hall in Edinburgh.
The Royal Bank of Scotland and Edinburgh and South East Scotland City Region Deal Joint Committee stumped up the funding as part of the £75m project budget. £15m more must still be fundraised.
City councillors green lit plans the new home for the Scottish Chamber Orchestra late last year. Initial plans were successfully challenged in court by hotel developers who worried the venue would block city views.
It will be Edinburgh's first new music venue in 100 years and the "cultural flagship" of its City Region Deal.
"I know so many people in the city are looking forward to enjoying all that this first-class cultural experience has to offer," Council Leader Adam McVey said.
Construction is due to begin soon on a site between St Andrew's Square and the St James Quarter.