The money will go towards funding community initiatives on the Heron Wood and Tices Meadow estates, which are registered as areas of disadvantage in Hampshire.
"This is an astonishing level of support," said Cllr Mike Roberts, ward councillor for Heron Wood.
"It is no more than the area requires, but the process of obtaining the appropriate responses has been a long one."
More than £4m will be ploughed into a multi-agency community centre for residents, giving them access to healthcare facilities onsite.
In a joint effort between Pavilion Housing Association, Rushmoor Council, NHS Primary Care Trust and Social Services, the development will provide vital assistance to the community, especially the elderly.
"This will be a major facility," said Cllr Roberts. "A lot of local people will benefit from all the facilities onsite.
"Much hard work has gone into reaching these goals — it has always been part of my game plan to improve the facilities on my ward."
A second initiative includes the appointment of a community warden, which will be welcomed by many residents who have suffered bouts of anti-social behaviour on the two estates.
Wardens have already been appointed, with relative success, in Aldershot's North Town and Farnborough's Pinehurst estates, to help resolve community issues.
"This will be of special benefit to the youth in the area," said Cllr Don Cappleman. "We've been asking for a warden since we saw it in use on the other estates.
"We are looking at sorting out a base for the officer, with the help of Pavilion, so that people will know where to find them."
Yet he said that residents on the estate would have to be realistic about how much they could expect the officer to do.
"This won't completely solve the problems of anti-social behaviour because to some extent parents must take responsibility for their own children," he explained.
"It is totally unacceptable for them to allow their children to behave badly to other residents and to allow extremely young children out late at night."
Residents on the Tices Meadow estate suffer regularly from antisocial behaviour from groups of youths that hang around during the evenings.
Problems on the estate reached boiling point in January.
Resident Peter Sandy collected more than 1,000 signatures on a petition, demanding that action should be taken to deter the youngsters.
Additional investment will also be welcomed by Aldershot Cricket Club, who received a £360,000 grant for a new red brick building for its ground in Aldershot Park.
The Early Years Centre at Park Primary School will receive £500,000 to help improve facilities for the pre-school club.
"These are community projects for the whole of Aldershot," said Cllr Roberts.
"Although they will benefit the people on my ward, everyone will be able to take advantage of these facilities.
"We have been working hard for a long time to get all of this and there is even more to come."
Support from Pavilion Housing Association has also been essential to the area, with a 48-block of residential flats for the elderly being built at Place Court.
Due to be completed at the end of June, the flats have been purpose built for frail residents who need short-term respite care to avoid admission to hospital.
New manager Erica Grimes is excited about the facility, one of the first of its kind in the Rushmoor area.
She said: "The post is exciting because of the independence we will be able to give our residents. Active independence is the key to long life and this is the chance to put it into practice."
The flats will also have an onsite computer room, library and hairdressers, as well as a 24-hour care team.
"I am extremely pleased at the amount of money that is going into my ward," said Cllr Cappleman.
"It is a substantial sum, but is only the tip of the iceberg. People must also start to take pride in their neighbourhood so that attitudes change, too."