Stevenage Borough Council and Mace have announced the signing of a major new agreement to work in partnership on the long-term transformation of Stevenage Town Centre.

Known as SG1, the agreement builds on a vision for regeneration developed by the Council over several years and seeks to create a whole new quarter of distinct character areas on the western side of the town centre.

With a gross development value of around £350 million, SG1 is one of the largest and most ambitious town centre regeneration schemes in the region. It is a clear expression of confidence in the future of Stevenage and its town centre.

The mixed-use regeneration scheme includes plans to create a series of new streets within Stevenage, as well as a redesigned, modern Town Square which will complement and enhance the unique architectural heritage of Stevenage. The plans will boost the vibrancy and economic vitality of the town centre, providing new residential, retail, restaurant and leisure uses for the residents of Stevenage.

The development will also create inviting new public spaces, alongside a public services hub that will bring together key council services in a single building. The hub will include a new library and health facilities, allowing residents easy access to high quality services at one location.

Residents and businesses will be invited to have their say through a comprehensive consultation exercise planned for this summer. Work is expected to take place over several phases with the first construction project commencing in 2020.

David Grover, Mace’s Chief Operating Officer for Development, said: “This agreement marks a major step forward for the transformation of Stevenage town centre. With a contract agreed we can now get started in earnest in delivering the regeneration of the town centre - I look forward to seeing our exciting plans come to life.”

Cllr Sharon Taylor, Leader of Stevenage Borough Council and Hertfordshire LEP Board Member, commented: “This is an exciting time for Stevenage and the future of our town centre. Signing this deal with Mace highlights our ambitious vision for Stevenage as we grow our town and improve the services, environment and facilities we currently offer to residents. We’ve seen a number of projects already completed in our town centre as part of the regeneration programme including Market Place, Vista Tower and updating of our public spaces. SG1 will be transformational, and drive significant, positive change for our town centre. We’re delighted to have Mace on board and can’t wait for development to get underway.”

Andrew Percival, Chairman of the Stevenage First partnership, concluded: “Today’s contract signing represents a significant milestone in the opportunity to deliver a Town Centre that’s fit for the 21st century and offers modern facilities and amenities for residents and visitors to live, work and play. The scheme that Mace has developed aligns with Stevenage’s heritage as the UK’s first new town and highlights their confidence in its future growth prospects. We’re delighted to announce that the contract is in place and look forward to working in partnership with Mace.”