A £8.5 million grant has been given to a new development in Mansfield which could help create up to 4,000 jobs.
Berry Hill Mansfield has been given the funding from The Homes and Communities Agency (HCA).
Work has already started on the scheme which will see facilities built for hi-tech research and development, offices and industrial spaces as well as leisure and retail in southern Mansfield.
Around 1,700 new homes will also be built as well as a brand new primary school, children’s nursery, health centre and care facilities.
Richard Bowden, project representative for developers The Lindhurst Group, said: “This is an incredibly important scheme for Mansfield and we are all delighted that the HCA is able to support us in delivering it.
“Berry Hill will provide a significant boost to the local economy, creating up to 4,000 new jobs, as well as delivering vital new homes for the area.”
Nick Walkley, chief executive at HCA said: “The £8.5m loan we have agreed will ensure that 1,700 much-needed homes in Mansfield are built, by providing the infrastructure to make sure that building can go ahead. As well as providing homes for local people, this mixed use development will also create significant employment.”
The first phase of development has now begun with house-builders expected to start on site later this year.
Mansfield mayor Kate Allsop said: “There is a real need for new housing within Mansfield and the large development at Berry Hill together with community facilities such as shops, school and medical facilities within a local centre is good for the district.
“We are starting to see the detailed plans for a phased development which will see a good mix of housing and employment land. It will be good to see plenty of open spaces and play areas for the new families to enjoy. This has been a long time in the planning and I’m excited to finally start to see the detailed plans followed by new homes coming forward.”