Stevenage Borough Council and Mace have signed a ‘major new agreement’ to work in partnership on the long-term transformation of Stevenage town centre.

The agreement—known as SG1—has a gross development value of around £350m. The council characterises it as ‘one of the largest and most ambitious town centre regeneration schemes in the region’.

The mixed-use regeneration scheme includes plans to create a series of new streets within Stevenage, as well as a redesigned, modern town square.

The development will also create new public spaces, alongside a public services hub that will bring together key council services, including a new library and health facilities, in a single building.

‘This agreement marks a major step forward for the transformation of Stevenage town centre,’ said David Grover, Mace’s chief operating officer for development.

‘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, 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.’