---
title: "Capital Investment Agreement"
ocid: "ocds-h6vhtk-069932"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-069932"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-069932.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-069932.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "TUNBRIDGE WELLS BOROUGH COUNCIL"
published: "2026-07-03"
---

# Capital Investment Agreement

Buyer: TUNBRIDGE WELLS BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-069932

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-069932.json)

## Summary

The Tunbridge Wells Borough Council has completed the procurement process for a significant project titled "Capital Investment Agreement" within the leisure centre construction industry. Located in Royal Tunbridge Wells, UK, the Council is directing £4.5 million in capital funding to upgrade its leisure centres at St John's Tunbridge Wells, Putlands Paddock Wood, and The Weald Cranbrook. The procurement was executed directly and is below the threshold, proceeding without competition. The procurement stage included the award process, culminating in a contract signed on 30 June 2026 with Serco Leisure Operating Limited. This agreement ensures Serco will manage works and coordinate necessary consultants or subcontractors, acting on a not-for-profit basis to comply with the Procurement Act 2023. The contract duration is set from 1 July 2026 to 30 June 2029, with a potential extension up to 30 June 2030.

This tender represents a vast opportunity for business growth, particularly for entities experienced in leisure centre construction and management. Companies adept in managing substantial renovation projects within the public sector will find it advantageous to associate with Serco, which serves as the primary contractor. As Serco will liaise with subcontractors, there is further potential for smaller, specialised businesses skilled in construction, consultancy, and other associated services to contribute effectively to this project, ensuring efficient utilisation of public funds while fostering community service enhancement.

## Notice

Tunbridge Wells Borough Council (TWBC) is likely to have a budget of cPS4.5 million of capital funding to spend on its Leisure Centres at St John's Tunbridge Wells, Putlands Paddock Wood and The Weald Cranbrook, comprised of PS1,223,620 of s106 monies approved by its Cabinet on 25 September 2025 and a further PS3.2 million to be agreed by its Cabinet on 25 June 2026. TWBC is currently negotiating the leases of the three Leisure Centres with Serco Leisure Operating Limited (Serco), for a term of 7 years. In order to ensure the capital funding is spent in the most efficient way, TWBC will be entering into an agreement with Serco for Serco to 1) manage the works and 2) contract with the necessary consultants and subcontractors. Serco will be acting on a not-for-profit basis and will procure the contracts as required by the Procurement Act 2023.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/062953-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Works |
| Procurement method | Direct |
| Procurement method details | Below threshold - without competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Jul 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 14 May 2026 |
| Contract period | 30 Jun 2026 - 30 Jun 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £4,500,000 |
| Contracts value | £4,500,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TUNBRIDGE WELLS BOROUGH COUNCIL |
| Locality | ROYAL TUNBRIDGE WELLS |
| Post town | Tonbridge |
| Postcode | TN1 1RS |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ4 Kent |
| ITL 3 | TLJ46 West Kent |
| Local authority | Tunbridge Wells |
| Electoral ward | Park |
| Westminster constituency | Tunbridge Wells |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SERCO LEISURE OPERATING |

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45212110 - Leisure centre construction work

## Release History

- 3 Jul 2026 at 15:01 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/062953-2026
- 14 May 2026 at 15:47 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/044580-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/062953-2026
  3rd July 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/044580-2026
  14th May 2026 - Transparency notice on Find a Tender

## Notice URLs

- https://tunbridgewells.gov.uk/
- https://www.legislation.gov.uk/ukpga/2023/54/contents
- https://www.serco.com/uk/sector-expertise/community-services/leisure-services

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-069932. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-069932.json.