Their Wretchwick Green mixed-use development includes 450 affordable homes, together with a large primary school and a district centre with shops and a community centre.
The new community to the south east of Bicester will be built over 10-15 years.
A major element of the proposal is green infrastructure with over 150 acres greenspace being provided ranging from large areas of general open and sports space to over 50 acres of ecological enhancement.
In addition to the substantial infrastructure contributions provided by Redrow and Wates, Cherwell District Council will also receive just under £14m from the Government’s New Homes Bonus scheme.
A spokesperson for Redrow and Wates Developments said: “With the need for housing provision in the UK remaining acute, we are encouraged to be bringing forward Wretchwick Green as part of the broader ‘Garden Town’ initiative in Bicester.”