After the outbreak of World War I, many villages and towns in the country felt it was suitable to establish war memorials to serve as a tribute to those who had lost their lives fighting for their country. In Stamford, the Mayor at the time, William, E Martin, issued an appeal on 7 November 1919 for funds to build a memorial, and on 23 June 1920 a Commemoration Service was held in Broad Street to unravel the Memorial in front of Browne's Hospital. The Memorial itself features nine bronze tablets with the names of 237 servicemen written on front.
After World War II, a fresh appeal was launched to raise funds for a new memorial to honour the local soldiers who had died during World War II. This comprised five bronze panels fixed below those of World War I and the War Memorial was rededicated on Armistice Sunday 1949.
In 1990 the Stamford ex-Service organisations, including The Royal British Legion, was formed to raise funds and contributions by many local Stamford groups for a Millennium Fund which aimed to refund along with clean and repair the Memorial. The organisations erected two protective Memorial Gates bearing the words 'For your tomorrow, we gave out today'. The gates were dedicated at a Jubilee Civic Service on 9 June 2002.