Hertfordshire LEP, as part of a consortium, is investing in the regeneration of Stevenage. SG1 is the first phase in the regeneration journey and includes nine sites that border on the Town Square.
The ambitious plans to bring new life into the area will include new housing, retail, bars, cafes and restaurants, along with a combined public sector hub (co-locating a new library, health facilities and Stevenage Borough Council offices). Work will be carried out to relocate the bus station to a new site; construct a multi-storey car park or decked parking; acquire land to create a larger redevelopment package and create new crossings on major thoroughfare St George's Way.
The Stevenage Central Framework is the 20-year programme to regenerate Stevenage Town Centre – it includes six major opportunity areas. Partners Hertfordshire Local Enterprise Partnership, Stevenage Borough Council, Hertfordshire County Council and Hertfordshire Chamber of Commerce oversaw the development of this blueprint. It has been produced by David Lock Associates and Cushman and Wakefield Associates.
From October to December 2017, Stevenage Borough Council carried out and concluded a competitive dialogue procurement process to select a developer for SG1. The council acquired No. 2 and No. 4 Town Square and made these two key sites available for redevelopment to attract developer interest. In February 2018, international developer Mace was chosen to spearhead the first phase of regeneration, with work expected to start in 2019.
The Strategic Infrastructure Board seeks ways to overcome issues that are holding back economic development, re-invigorate our New Towns including Stevenage, and harness our relationships with London and elsewhere. This was an opportunity to re-invest in decaying infrastructure and capitalise on the town’s excellent railway connections, harnessing its relationships with London and elsewhere. These are some of our Strategic Economic Plan’s priorities and important elements of our infrastructure agenda.
Part of the package of funding is critical to help unlock the first phase of development (known as SG1) which will deliver 800 homes, new vibrant retail units around a revitalised square and a new civic hub, with a library, health facilities and council offices.
This first phase of regeneration is already being taken to the market. In addition investment will be made to improve transport links with the town centre, including car parking facilities and the creation of development opportunities between Town Square and Lytton Way.
The final element of funding will bring together land ownership to develop the area around the Marks & Spencer site and Marshgate area of the Town. Visit Stevenage Central.
Hertfordshire LEP has awarded the project £34m from our Growth Deal (£15m from Growth Deal 1 and a further £19m from Growth Deal 3).