The Lake District National Park Authority has been given almost half a million pounds from the Heritage Lottery Fund to protect the remains of the former copper mines in Coniston.
The industry played a big part in why people came to live in the town, but for more than 50 years the mines have been falling into decay.
Now the aim is for archeologists to be able to find out more, and there will be trails for walkers to learn about its past.
At its peak in the 19th Century the mines employed 600 people, swelling Coniston's population to three times what it is today.
But in 1954 Coniston's copper boom ended. Now it will be conserved with a Heritage Lottery Fund grant of almost £500,000.
It will be used to restore the buildings, create a trail for walkers to find out more and an exhibition at the Ruskin Museum in Coniston.