The Heritage Lottery Fund has awarded £2 million to the charity which protects the River Eden.
The money will be spent setting up community groups to survey the water's wildlife and try to prevent pollution as well as a new conservation apprentice scheme at Newton Rigg College.
The Eden and its tributaries meander over hundreds of miles of countryside and support jobs through agriculture and tourism.
The Lottery money will also be spent on a new source to Solway cycle route and a number of smaller walking paths to encourage people to make the most of the Eden.
There are currently two flood warnings in place for Cumbria.
The River Eden at Carlisle, and the Keswick Campsite are both at high risk of flooding.
The Environment Agency say that low lying roads, car parks, residential and commercial properties are most at risk along the River Eden.
At the Keswick Campsite the levels of Derwentwater are expected to rise as a result of persistent wind and rain.
It's likely to remain high with the flood warning in place for several days into the New Year.
A flood alert has been issued for the River Eden in Cumbria due to a forecast of heavy rain from midnight until noon tomorrow (29th December 2012).
The alert covers Upper River Eden, through the Eden Valley, Warwick Bridge, Crosby on Eden,Carlisle and out to the Solway Firth. Low lying land and roads are expected to start flooding first thing in the morning.
The family of a woman who was found in the river Eden have paid tribute to her.
64-year-old Kathleen Dixon was found near Langwathby Bridge near Penrith, following a police search.
Her family have described her as someone who ' wouldn’t hesitate to help others.'
Mr and Mrs Wilfred Dixon, Kathleen’s brother and sister in law said:
“Kathleen was a very special sister, sister-in-law, auntie and friend.
“She was kind, heart-warming, loving and a very good friend of Sharon and Margaret. She would never hesitate to help anyone who needed her.
“She loved doing voluntary work with Age Concern and Eden Animal Rescue. Thank you to them for their care of her, and any other friends we have not mentioned. A very big thank you to the police for all their help and hard work in finding Kathleen.
“Thank you also to the hospital staff for their care of Kathleen.
“She has now gone to join her mam, big brother John and sister, Daphne. Give her a cuddle from us and look after her.”
The woman whose body was found in the river at Langwathby bridge has been named.
Kathleen Dixon, 64, from Bluebell Court in Penrith, was found during a search of the river after she was reported missing.
Cumbria Police say there are no suspicious circumstances surrounding the death.
A woman's body has been found during a search of the river at Langwathby Bridge, near Penrith.
Detectives were searching the area after a local woman was reported missing.
The body was found at 4.45am this morning (December 20th).
Police say that initial enquiries suggest there are no suspicious circumstances surrounding the death.
Robert Heaton, 41, was last seen by his family on Friday afternoon, November 16, and reported missing on Saturday.
A fellow angler found a fishing rod and cap belonging to Mr Heaton along the banks of the River Eden on Saturday morning.
Police diving teams from Cheshire are in the River Eden today searching for clues to explain Mr Heatons disappearance.