Cotgrave property: £2.7 million funding boost for Cotgrave


Published : 1st April 2015

News

Cotgrave is set to benefit from a £2.7 million funding boost.

The funding comes as part of the planning agreement for the new Hollygate Park development, off Hollygate Lane, which is being built by Barratt and David Wilson Homes and will be used to support community investment for both new and existing residents.

Specific funding includes £763,200 towards education facilities, a £932,540 community contribution, £600,000 towards bus services and sustainable transport donations of more than £60,000.

With the development's close proximity to Cotgrave Country Park, £182,500 will be used toward the park's upkeep, cycle paths and ecology improvements.

John Dillon, managing director at Barratt Homes North Midlands, said: "Community investment is one of the most important aspects of any new housing scheme. To that end, we aim to contribute a great deal to the local community as our Hollygate Park development progresses."

How the cash will be spent:

  Education – £763,200

  Bus service – £600,000

  Community – £932,540

  Cotgrave Country Park – £105,500

  Cotgrave Country Park cycle path – £57,000

  Ecology improvements within Cotgrave Country Park – £20,000

  Sustainable transport improvements to Melton Road – £20,000

  Sustainable transport – £40,000

  Towpath – £93,600

  Travel Pack – £250 per dwelling, totalling £114,250

  Youth leisure – £30,000

  Provision will also be made for green open space, equipped play areas and mini pitch.

Once completed the development will be home to 470 new two, three, four and five bedroom homes.

From: http://www.nottinghampost.com/Cotgrave-property-8203-2-7-million-funding-boost/story-26266114-detail/story.html