The building (previously known as Maxwell's Farm Business Centre) will encompass 3,209m² of flexible space comprising a mix of offices, studios and training facilities.
To ensure the success of future tenants, plans also include the provision of digital technology training and business support services.
As well as to attract new businesses to the area and to support SME growth.
The centre will be located next to the proposed Park Plaza commercial development, a new science and business park set within 90 acres, next to Junction 25 of the M25.
Local employment opportunities will be generated.
Hertfordshire LEP is investing £5m from the Getting Building Fund towards this project.
This project was approved by the board on the 24th September 2020.