At a visit to the Halo site in Kilmarnock today (Thursday), Secretary of State for Scotland David Mundell MP confirmed the financial package agreed by the UK Government.
Infrastructure Secretary Michael Mathieson MSP will be visiting Ayrshire on Monday (4 February) where Growth Deal projects will be high on his agenda.
The three Ayrshire Councils will commit financially to the Deal with their investment likely to be around 20% of the overall package.
South Ayrshire Council leader, Councillor Douglas Campbell said, "This announcement is fantastic news and delivers the input from the UK and Scottish Governments that we've been working towards for the past three years. This is a ringing endorsement of Ayrshire's potential and the economic impact we will have by delivering investment, jobs and business growth that will create a legacy for generations to come and make a real difference not only for our own people and places, but for those right across the UK.
Councillor Joe Cullinane, Leader of North Ayrshire, said, "This has been a real collective effort by the three Ayrshire Councils, cross-party politicians, the public and private sector and many other partners.
Councillor Elena Whitham, Depute Leader of East Ayrshire Council said, "This is tremendous news and is a real testament to three years of hard work, commitment and determination as we sought to demonstrate the economic growth potential of the Ayrshire Growth Deal for the Scottish and UK economies.
"It's all paid off and as this is the first Scottish non city deal to secure funding from the UK Government, it brings us ever closer to finalising the right deal for Ayrshire.
Investment in road and rail infrastructure and digital connectivity across the region.