Fifty new jobs are due to be created with the expansion of Gretna's Gateway retail village.
The announcement comes after one of the most successful summers in the outlet's history.
Glasgow's Commonwealth Games saw Gretna Gateway's busiest ever week at the end of July, as tourists and residents flocked to the park.
The retail village currently welcomes more than two million visitors every year.
A festival promoting the Union between Scotland and the rest of the UK has taken place near the border, in Gretna.
As well as face-painting, music, and contributing to the Cairn, a tower of stones supporting the Union, festival goers joined up to create a No sign using the monument.
A festival promoting the union between Scotland and the rest of the UK has been held in Gretna.
Rory Stewart, MP for Penrith and the Borders organised the Brit Rocks concert.
Musicians from around the world played for No supporters beside a stone monument featuring messages of support for the Union, called the Hands Across the Borders Cairn.
A new museum about The Devil's Porridge - a world war one munitions factory in Gretna - is to be officially opened in Eastriggs.
The factory employed thirty thousand people during the Great War. It was one of the biggest at it's time, at nine miles long and two miles wide.
A cairn representing the links between England and Scotland was begun today.
The cairn is the idea of Cumbrian MP Rory Stewart who's been campaigning to persuade Scottish people to vote 'No' in the independence referendum on 18 September.
The 'Yes' campaign have welcomed the cairn but say it will stand as 'a symbol of the continued social union and friendship' between Scotland and the rest of the UK should there be a 'yes' vote.
A 24-year-old man has been assaulted in Gretna.
The incident happened at about 4pm on Monday, 14 July at Graitney, near the coal yard.
The victim received no injured in the assault which was carried out by two men he knew.
Police are keen to speak with anyone who was in the area at the time.
Penrith and the Border MP Rory Stewart is launching a project to build support for the No Campaign in September's referendum on Scottish independence.
He wants to build a giant cairn of stones from all over the country - including from north of the border - on land near Gretna, which he says will represent the union between Scotland and England.
Proposals to regenerate Gretna Green are up for discussion today, as Dumfries and Galloway council are recommended to pass a series of measures to revitalise the area.
It follows concerns that the world renowned tourist site would attract more visitors, if it was made more attractive itself.
If Scotland votes "Yes" to independence on 18 September, the border with England could look very different in a year's time.
We sent our reporter Fiona McIlwraith to a well-known Gretna landmark, turned cafe, to find out what people think about the possibility of having a cup of tea across an international border.
A safe containing thousands of pounds has been stolen from a hotel in Gretna.
It was stolen from the Solway Lodge on Saturday 5 April.
It's thought the theft took place at sometime between 12:40am and 9:10am.