A fully-licensed bar and village shop will be built after a build committee secured funding of £743,500.
Westbury Village Hall and Community Centre is due to open in the summer of 2015 and will take the place of Wesbury Pavilion which will be demolished.
The state-of-the-art facility will include a shop, a fully equipped kitchen, a bar and changing rooms for sports clubs.
The main beneficiaries will be village clubs Westbury Football Club and Westbury and District Cricket Club.
Work will commence on the Playing Field Road site in the New Year.
A grant of £575,000 has been provided by The Big Lottery and Waste Recycling Environmental Limited (WREN) donated £75,000.
Westbury Parish Council has forked out £38,000 and the Vale of Aylesbury Housing Trust & Aylesbury Vale District Council community chest has supplied £25,000.
Westbury Sports and Social Association has given £20,000 and with private donations of £1,500, the centre can now be built.
It will be used for clubs, activities and for private bookings including weddings, parties and business functions.
Masaud Subedar, head of community services at the trust, said: “We saw the potential in the new venue and how many people it would help, which enabled us to award the maximum funding as part of the community chest – which is only the sixth time the grant has been awarded since the start of the project in 2007.
“It is local groups like Westbury Village Hall the community chest endeavours to help and it is inspiring to see the varied ways in which the community chest grants make a difference to people across the Vale.
Build committee member Ken Thurlow said: “Thanks to all those who have made this possible, with their hard work and determination.
“These efforts will enable us to provide much better sporting, recreational and social facilities for all for years to come.
“We are also looking to provide more sports activities at the village hall and sports field.
“Particularly sports and activities for all ages such as judo, karate, yoga and pilates. Or more general interest like chess or bridge.”
Anyone who would be interested in running a club should phone 01280 841599.