Squeeze will be honoured by the PRS for Music Heritage Award.
A special plaque will be erected in South East London where the original group Chris Difford, Glenn Tilbrook, Jools Holland, Harry Kakoulli and Paul Gunn first performed, at the Greenwich Dance Hall in 1975.Difford said "I'm humbled that the birthplace of Squeeze has been chosen to be marked in this way."
Co-founders Difford and Tilbrook will be present to see the plaque unveiled in Greenwich on Tuesday March 23rd at 2.30pm.
Both local lads, Tilbrook said: "It's a pleasure to return to the place where we performed as Squeeze way back in 1975, I still buy my cheese just up the road!"
Over the course of their career Squeeze have had hits in both the UK and US including "Cool for Cats", "Tempted", "Labelled With Love", "Black Coffee", "Hourglass" and "Up The Junction".
Their 'kitchen-sink drama' lyrics and new wave music, as well as their effortless chemistry, saw Difford and Tilbrook
referred to as "the new Lennon and McCartney".
The PRS for Music Heritage Award marks the start of an exciting 2010 as Squeeze are set for their first extensive tours of the US and the UK in over 10 years, having only sporadically gigged since they reformed in 2007.
PRS for Music set up the Heritage Award last year to recognise the unusual 'performance birthplaces' of famous bands and artists.
Squeeze is the fourth band to be given the honour of receiving the permanent plaque, following in the footsteps of Blur, Dire Straits and Jethro Tull.
PRS for Music Chairman, Ellis Rich said: "With its two very talented song writers, Squeeze has made an incredible contribution to the British music scene across three decades. Many of today's most commercially successful and credible artists, ranging from Razorlight, Ron Sexsmith and Kasabian have all cited them as a major influence so it's a real pleasure to be honouring them with the PRS for Music Heritage Award."
