Stevenage’s funding of £37.5m was the joint highest amount awarded.
This award is testament to the quality of the Stevenage Town Investment Plan - created by Stevenage Borough Council, Hertfordshire Local Enterprise Partnership, the county council, planning consultancy Barton Willmore and economic development consultancy Genecon. Building on Stevenage’s legacy as the original New Town the Plan sets out to identify how Stevenage can now become an “exemplary” 21st century New Town.
The bid included ten projects in total with highlights including Station Gateway, which will ensure a more attractive welcome to the town by redeveloping the area in and around the railway station. Other key initiatives include the proposed National New Towns Heritage Centre, which will celebrate the town’s contribution to 20th century town planning, as well as the Stevenage Technology and Innovation Centre, which will be operated by North Hertfordshire College in partnership with businesses to provide new training opportunities. A new sport and leisure hub also forms part of the plans.
As a Co-operative Council our Commercial Strategy and our Procurement Strategy focus on insourcing services where it is cheaper for us to do so and retain wealth generated in Stevenage retained in the Borough.
The full regeneration programme is expected to take around 20 years and involves about £1bn of investment from both the public and private sector. Other schemes already under way or set to start soon include regeneration of the main town square, a new bus interchange, the development of the former M&S site on Queensway North and SG1, a mixed-use scheme that will include 11 new buildings over 5.8 hectares of the town centre.
The scale of the funding that Stevenage will receive can be directly linked to our willingness to think big, and to put forward proposals for radical developments to our town that will make a real difference to quality of life for residents and Stevenage’s offer to developers, investors and businesses.