Frankwell grew up as a port and trading location by the river and on the road to Wales, but across the river from the walled borough of Shrewsbury and therefore beyond the town's jurisdiction. There have been a number of suggestions about where the name derives from, but one possible origin is "Frankville", which means a town of free trade. Being independent from the larger borough of Shrewsbury gave it a local nickname of the Little Borough, a name which is used to this day.
Today Frankwell continues to be a commercial area of the town, lying just outside the town centre, with its own character and identity. There has been much redevelopment recently near to the river, especially now flood defences have been constructed, and new buildings include The Guildhall (originally built for Shrewsbury and Atcham Borough Council) and Theatre Severn.
Frankwell's origins are connected with the crossing of the River Severn from the meander core which forms the centre of Shrewsbury. Water Lane, which still exists today, led to a ford over the river that was probably a crossing point in the early Middle Ages. St George's Bridge, a fortified and partly inhabited structure, was built in the mid twelfth century. This bridge, which also became known as Welsh(man's) Bridge in the thirteenth century, crossed the river from the end of Mardol on the town side to a position close to a former Methodist chapel on the Frankwell side. Although this bridge was demolished in the 1790s, remnants of the foundations and land arches remain.
A number of buildings in Frankwell show evidence of Frankwell's medieval development. 92 Frankwell is the surviving half of a two-bay cruck-framed hall house, and 111-12 Frankwell is a pair of early fifteenth century semi-detached houses. Boundaries in the oldest part of Frankwell have been strongly influenced by medieval burgage plots approached from the main street through passages.
Early modern period
Frankwell was highly prosperous in the sixteenth to eighteenth centuries. 4-7 Frankwell is an imposing building with ground-floor shops and first- and second- floor workshops above, built in about 1590. 113-14 Frankwell, built around 1620, remains a splendid and imposing half-timbered building. Late seventeenth and early eighteenth century buildings, including the 'Anchor' public house, line the corner to the approach to the old Welsh Bridge.
The old Welsh Bridge (St George's Bridge) was replaced by the present day Welsh Bridge in the 1790s. The new Welsh Bridge is located some 70 m (77 yd) further downstream from the old bridge.
There is a modern guildhall located in Frankwell, on Frankwell Quay. This was Shrewsbury and Atcham Borough Council's headquarters and was opened in 2004, replacing a number of buildings used by the council for offices before. Shrewsbury and Atcham borough was abolished in 2009, with use of the Guildhall transferring to the newly created Shrewsbury Town Council. The Town Council however have since 2017 been located at Riggs Hall, behind Shrewsbury Library, with the Guildhall now used by the University Centre.
Frankwell Forge was a small industrial area by the side of the Welsh Bridge, founded in 1878 and closed only recently, in 2004. It closed to make way for the new theatre complex planned for the area. The name of the company which operated the site when it closed was "H and E Davies".
Also in Frankwell is St George's Church and Frankwell Quay (with its small marina/boat yard and the town's only major permanent flood defences). Two bridges connect the district with the town centre - the historic Welsh Bridge and the modern Frankwell Footbridge. Flooding, which affected the district regularly and badly, no longer occurs due to flood defences built in 2002/03. Only the main car park and some houses on New Street are affected by flooding today.
Frankwell gained notoriety for the 2006 'Brothel Slayings' in which 2 women were brutally murdered with a blunt instrument. The brothel, now closed, was situated next to the Wheatsheaf pub and is as of 2012 a musical instrument shop.
-  Cricket Archive ground record.