MELTHAM Town Council hopes to release £250,000 in a five-year plan to improve the village.
The cash, raised when the council sold land at Meltham Hall 10 years ago, will be released in £50,000 instalments at the start of each financial year.
Among the projects earmarked for funding is a revamp of Broadlands Recreation Ground, where Meltham AFC and Meltham All Black RFC play.
Financial chairman Terry Lyons said: “It’s for the benefit of the people of Meltham.
“We feel the money has to go back into the community.”
On how the money was to be spent, Clr Lyons said nothing would be ruled out.