Council bosses have secured £100,000 to draw up "feasibility plans" for the future of RAF Scampton.
West Lindsey District Council has been awarded the money by the Greater Lincolnshire One Public Estate Board.
The Ministry of Defence announced in 2018 it planned to shut the base by 2022, throwing the future of the site and the Red Arrows into doubt.
Council leader Giles McNeil said: "We are still waiting for more information from the government on how and when they will be proceeding with their plans for RAF Scampton.
"[But] in the meantime, £100,000 has been allocated to look at feasibility options for the future of the site, with partner organisations."
RAF Scampton, which was also home to 617 Squadron as they prepared for the legendary Dambusters mission in World War Two, has housed the Red Arrows since 2000.