Newcastle-based housebuilder Bellway is set to contribute more than £1 million to the Northumberland community, as part of a deal involving an 89-home development near Morpeth.
The payments include a £585,000 contribution for off-site affordable homes and a further £594,000 for local schools.
The money was part of the deal with Northumberland County Council, which granted planning permission for the Taylors Wynd development, sited largely on a former council office and education complex at Hepscott Park.
Tracey Brady, Managing Director for Bellway North East, said: “A lovely new community is already forming at Taylors Wynd, and we’re delighted that we’re able to give back and enhance the local area further with investment.
“Our contribution to off-site affordable homes will help local people buy a home in Northumberland while our investment in education will be a great financial boost for local schools.”
Taylors Wynd is a development of four-bedroom detached homes, priced from £289,995 to £479,995, aimed at buyers looking for a well-linked rural base in Northumberland.
All the older office buildings on the site have been demolished.
The new village is in the heart of the countryside yet within easy reach of major roads for travel to nearby towns and cities.
Tracey said: “Although the homes have a countryside setting with all the advantages of village life, you’re also close to all the regional towns and cities.
“The centre of Morpeth is less than 10 minutes’ away by car, Gateshead’s Metrocentre is 25 minutes and Newcastle around half an hour.”