The government’s Towns Fund will also pay for a sculpture which is expected to be placed on the A635 roundabout.
The permanent artwork, created by artist Dan Jones, will include three 16ft (5m) tall vertical panels to symbolise the villages of Goldthorpe, Thurnscoe and Bolton-Upon-Dearne.
More than 240 local residents took part in workshops and surveys contributing to the design of the work.
The panels feature layered steel designs with themes of agriculture, industry, and nature, and each one will also include a functional birdhouse, with one including a bug habitat.
Inspiration for the design came from local stories and symbols, from mining heritage and sewing references to musical notes from a Thurnscoe choir and a pineapple-shaped birdhouse reflecting historical symbols of prosperity.
Once installed, the sculpture will be visible to drivers and pedestrians and will be accompanied by interpretation panels nearby, with further information made available online and at Goldthorpe Library.
