The funding could see the introduction of a new market square, and expansion of pavements and public seating areas, once the Maybole bypass has been completed later this year.
The plans will encourage locals and visitors to use active travel such as walking, wheeling and cycling once the high street is no longer dominated by traffic.
A new 3D fly-through has been created to help bring the plans to life. Those taking part in the consultation will be able to explore the new look high street and experience a town centre which is a safe, accessible and welcoming.
The South Ayrshire Council scheme, in partnership with Maybole Community Council, forms part of the ambitious Maybole Regeneration Project which will see up to £8m invested in the area over the next three years. The plans to rejuvenate the high street link with other projects, such as investing in the town's historic buildings and the new community campus.
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Councillor Chris Cullen, Economy and Culture Portfolio Holder for South Ayrshire Council said: "We understand the role and importance of our town centres and we are committed to investing in them to help drive recovery. The proposals for Maybole will completely change the visitor experience, increasing accessibility and enhancing community connectivity for all, via the active travel network, making it a destination of choice. It will also enhance the area for local businesses and the community of North Carrick."
Maybole Community Council Chair Mr Mark Fletcher added: "There is no doubt that these are ambitious plans for the town centre. The animated fly-through brings everything to life and we are really keen to hear from the community and businesses on these proposals."
Head of Infrastructure Delivery for Sustrans Scotland, Chiquita Elvin, said: "Sustrans partners with communities and local government across Scotland by investing in schemes that support our rural communities, towns and cities with walking, wheeling and cycling spaces for everyone. These draft proposals seek to address the challenges posed by Maybole's historic town centre and demonstrate how partnerships make better places to walk, cycle, live, visit and work and how this can be done while respecting the historic character and heritage of a place."
