1,000 jobs have been lost in the town over the past 20 years and a group representing residents and traders wants to turn its fortunes around.
The Langholm Alliance hopes to give the the town more of an identity and a voice with its community action plan.
The group argues that the town's resources are under-utilised, and wants to engage stakeholders to raise money to develop the town to make it a more attractive place to live, work and visit.
One of the measures proposed by the group is lobbying for the Borders Railway extension to pass through Langholm.
The Alliance heard today that a full time worker has been appointed by the South of Scotland Economic Partnership to support its work.