The proposed development includes around 773 homes, of which 25 per cent will be affordable housing units, and a two-stream primary school to be constructed by the developer at a cost of around £7 million.

Sheratan also proposes to provide £500,000 of funding over five years to local community initiatives such as the Greater Craigmillar Factoring and Training (GCFT), part of the Community Alliance Trust.

GCFT provides training for vocational and accredited landscape services, working with Castlebrae High School and local employability projects. In addition to training the GCFT will trade as a community owned landscaping services company, providing employment in the area.

The land on which the development is proposed was gifted to City of Edinburgh Council by Sheratan Ltd over a decade ago under terms that restrict its use. Sheratan has agreed to buy it back from the council if the proposal is approved.

A spokesman for Sheratan Ltd said: “We are delighted to be lodging this planning application, which will not only deliver much needed housing for the City, but a new primary school and, in conjunction with the City Council, a community park that has been talked about for many years.

“We will also be providing funding to support training and employment locally. This development will therefore deliver real benefits to the local community and the city.”