The new jobs will be created within small businesses in the area, with the money being used to encourage and help new companies to set up and existing ones to grow and expand.
Three projects, which have been put forward by Denbighshire CC, will share the£1.7m of European funds. The national assembly is also contributing£1.1m from its local regeneration fund, which will be used to match-fund one of the projects.
Assembly economic development minister, Michael German, said: 'This£1.7m of Objective 1 money will be a real shot in the arm for the Denbighshire economy and is designed to help local home-grown businesses in the county to become more competitive and successful and promote the start-up of brand new businesses.
'The assembly government is delivering on objective 1 and I look forward to seeing these projects deliver jobs for the people of Denbighshire.'
The objective 1 money will go towards the following three projects in Denbighshire:
£785,000 towards phase 2 of the strategic industrial site development - a scheme to build 12,500 sq ft of workshops on two brownfield sites at Prestatyn and Corwen, creating 60 new jobs. This project will also receive£1,165,000 from the assembly's local regeneration fund. The total cost of the project is£1.96m which will also be part-funded by Denbighshire Council.
£268,948 for Denbighshire financial support programme - a scheme which will provide financial help and advice to local businesses creating 310 new jobs and safeguarding a further 175.
£653,063 for Denbighshire business support programme - a scheme designed to help small and medium-sized companies to maximise the potential of new technology creating 120 new jobs and safeguarding a further 150.
Denbighshire council has also been previously been awarded£699,040 of Objective 1 funding towards three industrial sites at Rhyl, Prestatyn and Ruthin.