A partnership has been formed to deliver a new residential and commercial quarter in Stevenage town centre.
Stevenage Borough Council and ECF – a joint venture between L&G, Homes England, and Muse – are working in partnership to develop a masterplan and vision for the Station Gateway scheme, a plan to regenerate a significant area around Stevenage station.
Along with further infrastructure upgrades, the work could deliver around 1,000 new homes, along with workspace, education and innovation space, retail, hospitality, and public spaces.
Stevenage, the UK’s first new town, hosts some of the country’s most important innovation-led companies in nationally significant industries including life sciences, defence, and aerospace.
Station Gateway is seen as improving the area where visitors first arrive in the town and help to better connect the town centre to the station. The masterplan will focus on addressing the needs of the local community.
Cllr Richard Henry, leader of Stevenage Borough Council, said: “Station Gateway is a once-in-a-generation opportunity to further invest in our town centre to shape our economy and communities for decades to come.
“Successful places regenerate themselves and it’s right that we continue to invest in Stevenage to enhance and maintain our reputation as a world-class commercial hub and a great place to live.”
“Significant investment in the train station, new homes, offices and innovation space, retail, leisure and public spaces will deliver a dynamic new mixed-use community. This partnership with ECF will allow us to bring forward a vision and masterplan, keeping our businesses and local communities at the centre of proposals as we continue to make Stevenage even better.”
Sir Michael Lyons, chair of ECF, said: “Stevenage Borough Council is a bold and ambitious local authority. Station Gateway is at the heart of the council’s vision for the town centre.
“It is a unique opportunity for infrastructure-led regeneration which will not only deliver new homes – including affordable homes – for all the whole community but continue to promote Stevenage as a fantastic location for businesses to invest and grow.”
“Stevenage is undergoing a £1billion transformation of its town centre, delivering a mixed-use space reflecting the needs and aspirations of its people, businesses and recognising its new town heritage and spirit.
“With the support of the Stevenage Development Board, Station Gateway is the next stage on this journey and marks the latest milestone in the evolution of the town.”
© Eastern Echo (powered by ukpropertyforums.com).
Sign up to receive our weekly free journal, The Forum here.
