This village grew out of difficult times in the late 60s and early 70s when the combination of an economic recession, the decline in textile manufacturing and the closure of the railway led to a need to regenerate the central Borders. A government white paper put forward a plan to create a new settlement of about 1000 houses on farmland between Galashiels and Melrose as a "trigger development".
As with all towns and villages in the Borders, Tweedbank has an annual community gathering led by appointed principals. For a young village, it is fitting that the Tweedbank Fair celebrations in May are led by primary school children as the Tweedbank Lad and Lass with their two attendants each. The village cannot expand much further as the landscape around it is protected but the development is now no longer concerned with bricks and mortar but with the people living there; Tweedbank knows that it is now a community and not just a collection of houses.