Work is expected to start in Autumn this year to build 3,000 new homes as part of the first phase of a £1.3 billion development on the edge of Scunthorpe.
The Lincolnshire Lakes development west of the M181 is believed to be the largest residential led regeneration scheme in the north of England, covering 5,100 acres of land and will create six new villages on the outskirts of Scunthorpe.
A total of 7,739 new homes will be built as part of the development, along with a new business park, and leisure facilities including recreational lakes, artificial beaches, shopping centres, schools, cafes, pubs, hotels and restaurants.
The development also contains plans for a new stadium for Scunthorpe United Football Club.
North Lincolnshire Council has predicted that around 5,000 new jobs could be created as part of the development.
Plans also include major improvements to the existing roads, including two new junctions, which will help reduce congestion in busy areas.
A £13 million flood defence scheme will be constructed to improve flood defences along the River Trent to protect residents at the Lincolnshire Lakes and the existing communities of Burringham and Gunness.
Applications for a further 2,500 new homes, and new southern M181 roundabout and east to west link road will also be considered.
Councillor Liz Redfern, leader of North Lincolnshire Council, said: “Today’s decision signifies a major milestone and I am pleased that we are now at the stage where we will soon start to see work take place to create this fantastic vision that will make a huge difference to people’s lives.
Kevin Mudd, Chief Executive Officer, KMG Lucent Fund, which gained the consent for building work to being, said: “The project will provide much needed housing, infrastructure improvements and leisure facilities both for those already living locally and for those attracted here by the opportunities generated by the South Humber Gateway.”