A development of 275 homes off Barrowby Road in Grantham will see almost £374,000 invested in the town.
As part of the planning agreement with the local authority, developers Barratt and David Wilson Homes will spend £373,890 on supporting services and improving facilities. 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.
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.”
The development is called Newton’s Place and will feature a collection of two-, three- and four-bedroom homes and apartments.
John Reddington, managing director at David Wilson Homes East Midlands, said: “We will be contributing 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.”
Information: www.barratthomes.co.uk or www.dwh.co.uk