A depiction of the mixed-use regeneration plans to create a series of new streets within Stevenage. Credit: Mace Group.

Mace Group and Stevenage Borough Council in the UK have formally signed a partnership agreement for Stevenage town centre regeneration project, known as SG1.

SG1 is said to be one of the largest and ambitious mixed-use regeneration projects in the region with a gross development value of £350m.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The council’s vision is to create an entirely new section of five distinct character zones on the town centre’s western side.

The scheme covers plans to develop a series of new streets within Stevenage and a redesigned modern town square.

“Signing this deal with Mace highlights our ambitions to grow our town and improve the services and amenities we currently offer to residents.”

It will also include a new residential area, retail, restaurant and leisure areas for residents.

The project will also a new library and health centre, providing residents with easy access to high-quality services in a single location.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Stevenage Borough Council leader councillor Sharon Taylor said: “This is an exciting time for Stevenage and the future of our town centre. Signing this deal with Mace highlights our ambitions to grow our town and improve the services and amenities we currently offer to residents.

“We’ve seen a number of smaller projects already completed in our town centre as part of the regeneration programme, including Market Place, Vista Tower and more, but SG1 will be one of the critical elements in driving significant, positive changes to our Town Centre. We’re delighted to have Mace on board and can’t wait for development to get underway.”

A comprehensive consultation is expected to be launched this summer.

Project construction is expected to take place over different phases, with initial work to begin in 2020.