International development and construction company Mace said it has received approval for SG1, the £500 million regeneration of Stevenage Town Centre, from Stevenage Borough Council.
SG1 will offer 1,864 new homes across 14.5 acres of public land, improving connectivity and links to central London, and creating new spaces for local businesses to grow.
“The approval marks the next stage in our plans to transform Stevenage with spaces that work for the entire local community, from families to businesses for decades to come. We are delighted to continue to work closely with Stevenage Borough Council in bringing the plans to reality. We look forward to beginning work on this landmark scheme that will create an inspiring new town centre for Stevenage, creating thousands of jobs and enabling economic growth, said Mark Reynolds, Group Chief Executive at Mace.
SG1 will offer 1,864 new homes across 14.5 acres of public land, improving connectivity and links to central London, and creating new spaces for local businesses to grow.
‘‘This landmark regeneration will play a key role in the economic recovery of Stevenage post-COVID-19,’‘
”This landmark regeneration will play a key role in the economic recovery of Stevenage post-COVID-19,” said the company in a statement.” It will deliver an integrated public services hub comprising new state-of-the-art health facilities, library, retail and workspaces, offering people and businesses new opportunities to thrive.”
Subject to the outcome of a review by the Ministry of Housing, Communities and Local Government, construction on SG1 will be scheduled to begin in the coming months.
“The planning permission approval for SG1 is an important step in building a better town centre in Stevenage. We are confident that a review at national level will conclude that ourambitious regeneration plans for the town can act as a blueprint of economic growth and future opportunity for many towns across the UK. As we look towards the UK’s critical economic recovery from the impact of COVID-19 on people’s livelihoods and opportunities, regeneration proposals like this will be vital to our success,” added Mark Reynolds.
“This is another major milestone in our ongoing 20-year, £1bn regeneration programme and marks a really significant moment for the town. We all know that the town has needed regeneration for some time and we are now delivering the real change that it needs. The plans for the SG1 scheme that Mace have brought forward will have an enormous impact on the town both now and in the future and are likely to encourage even further investment. We would like to take the opportunity to say thank you to everyone involved so far, this really is testament to the efforts of all who have contributed,” said Cllr John Gardner, portfolio holder for Environment & Regeneration at Stevenage Borough Council.
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