The Abbey was founded in 1083 as a Benedictine monastery by the Norman Earl of Shrewsbury, Roger de Montgomery. It grew to be one of the most important and influential abbeys in England, and an important centre of pilgrimage. Although much of the Abbey was destroyed in the 16th century, the nave survived as a parish church, and today serves as the mother church for the Parish of Holy Cross.
The Abbey is a Grade I listed building and is a member of the Greater Churches Group. It is located to the east of Shrewsbury town centre, near the English Bridge, and is surrounded by a triangular area which is today referred to as Abbey Foregate.