A homebuilder will hand over hundreds of thousands of pounds to schools in Northamptonshire as part of a deal to build new homes in Broughton.
Redrow has permission to build 60 homes on land at Cox’s Lane, and will also be investing almost £750,000 locally.
Work on the development, known as Cransley Green, will start early in the new year and will see the site, almost nine acres in size, transformed into a new neighbourhood.
The cash is the result of a so-called section 106 agreement between the homebuilders and Kettering Borough Council. The agreements put an obligation on developers to make contributions in order to help cancel out any negative effects of development.
Redrow Homes managing director John Mann said: “We’re committed to ensuring our developments are sustainable and as such we’ve pledged to invest almost £750,000 in the community in the Broughton area.
“As we’re building family homes, we’ll be contributing almost £530,000 towards local schools. We’ll also be supporting community facilities including gifting more than £14,000 to the library.”
Redrow will also pay more than £70,000 towards highways and finance bus vouchers to the tune of £9,000 – equivalent to £150 per home.
Contributions will also be made to the fire and rescue service and for the provision and maintenance of open space.
Cransley Green will offer 42 homes for private sale ranging in size from two to five bedrooms. The remaining 18 properties will be affordable homes for local housing needs.
The first properties are due to be released for sale in March.
Buyers can register their interest in the homes now by calling 01536 238582. For more information click here.