
The development will see a first floor extension added to the main building, covering the area immediately above the current function room.
The project includes a revamp of the ground floor, installation of a passenger lift to the first floor extension and a balcony above the main stand.
The facility will be used as a classroom and meeting venue during the week and will be an additional sponsors' lounge and enhanced viewing area on matchdays.
Club Chairman Ian Woodward said of the plans, "This ambitious and exciting project will not only benefit the football club but the wider Belper community, providing fantastic facilities for various users and will be accessible to all."
A planning application has been submitted to Amber Valley Borough Council, with a decision expected by mid February.
If all goes to plan, the project will be completed during the 2022 close season