A sum of £115,000 is to be provided by Tesco for projects in Whaley Bridge and New Mills town centres.
The funding was revealed as councillors approved plans for a large extension to the Whaley Bridge store, subject to numerous conditions, at a meeting of High Peak’s Development Control Committee on Monday.
However the move was questioned by Councillor Mike Harrison who asked why it did not include Chapel.
And councillors John Faulkner and Chris Pearson said more funding should be provided - but were told by officers it was not possible.
The financial contribution being made is intended to help mitigate against any negative impact the store expansion could have on the neighbouring town centres.
In Whaley Bridge it will include improvements along Canal Street and better signage.
In both towns it will include grant aid to improve shop fronts and to help local businesses take on vacant premises.
The expansion could create 50 new jobs at the store.
Town Councillor Jon Goldfinch said: “These jobs are vital to the local economy which was only recently dealt a major blow by the collapse of the second bridge project (which would have improved access to the Bingswood Industrial estate).”