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Agreement signed on £350m regeneration scheme

Source: https://www.insidermedia.com

Plans for the regeneration of Stevenage have moved forward after a partnership agreement was signed.Stevenage Borough Council and Mace will work together on the transformation, known as SG1, which seeks to create a whole new quarter on the western side of the town centre.SG1 has a gross development value of about £350m and includes plans to create a series of new streets within Stevenage, as well as a redesigned town square. The plans will incorporate new residential, retail, restaurant and leisure uses. It will also create new public spaces, alongside a hub that will bring together key council services, including a new library and health facilities, in a single building.