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A Transforming Town Centre

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

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Site Description

As part of wider transformational activities in the town centre and surrounding areas, Stevenage Town Investment Plan provides 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, are shortly coming on board. Developments are enhanced with opportunities for skills and training for the local workforce.

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 and food and beverage provision.

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.