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At a Glance
Promoter: Stevenage Borough Council plus multiple owners
Location: Stevenage town centre, SG1 1HN
Total Floor Area: 376,737 sq. ft.
Investment Type: Mixed use
Asset Class: Mixed use, commercial, industrial, residential, retail and leisure
Planning Status: Allocated in local plan, subject to planning permission
Delivery Timescale: 2019 - 2030 and onwards
GDV: £1bn
Site Description
£37.5 million awarded through Towns Fund
Over 2,000 consented homes
Over 2 million sq. ft of consented R&D and GMP facilities, with associated amenities
As part of wider transformational activities in the town centre and surrounding areas, there are a numerous high quality opportunities for a range of users.
This includes space for innovative, high-tech start-ups along with manufacturing, laboratory and collaborative workspace for growing life sciences and space and communications sectors, supporting the growth of STEM within the town.
The recent addition of biopharma manufacturing laboratories and collaborative workspaces has unlocked additional employment space to support a life sciences district within the heart of the town centre. Further mixed-use development, supporting biopharma manufacturing laboratories and workspace facilities with food and beverage and retail, shortly coming on board.
There is a focus on providing opportunities for relevant skills and training for the local workforce. working alongside a proactive partnership including developers, the local authority and educational institutions.
Stevenage and surrounding areas will be highly connected to support retail, arts, leisure and entertainment, alongside a growing provision for town centre living, with 3000 homes to be built over the next 10 years.
Government funding for wider assets including enterprise accommodation, innovation and technology facilities, sports and leisure amenities, arts, leisure and cultural assets will ensure a fully supportive business ecosystem to attract investors.