More than £350,000 is set to be invested in Lincolnshire as part of an upcoming development by Barratt and David Wilson Homes in Grantham.
The funding, which totals £373,890, forms part of the planning agreements with South Kesteven District Council, for the new development which is located on Barrowby Road.
It will be used to support services and improve facilities for both new and existing residents of the town.
Among the contributions, the money will be put towards the construction of an on-site primary school, the construction of a Primary Health Care Facility and the provision of a Community Hall.
Other contributions include a subsidy to local public transport and money towards the maintenance of green areas including sports facilities, play equipment, improved drainage, and public art.
The development, which is called Newton’s Place, is situated on Barrowby Road in Grantham, will feature a collection of two, three and four bedroom homes and apartments suitable for a range of homebuyers.
It will feature a collection of 275 homes from both Barratt and David Wilson Homes, and will underpin 550 jobs over the lifetime of the project. Both housebuilder’s predominately employs local sub-contractors and tradesmen so the local economy will benefit directly from the new jobs supported.
Chris Southgate, Managing Director at Barratt Homes North Midlands, said: “Investing in local areas is a large and important part of a new housing scheme and as a five star housebuilder we pride ourselves on our commitment to supporting the communities in and around our developments.”
John Reddington, Managing Director at David Wilson Homes East Midlands, said: “We will be contributing to Lincolnshire not only through the financial agreements, but also through the jobs and training opportunities we create for local people and the quality homes we build.”