We have identified 50 evidence-based social value themes for Tunbridge Wells Borough Council in South East across 38 service areas. These insights are derived from the latest council meeting transcripts and can inform your social value strategy for bids and tenders.
Severe Reserve Depletion & Capital Financing Gap
Usable reserves declining from £26.8M (1 April 2024) to £21.9M forecast outturn (end of year). After deducting £4M required working capital and reserves unavailable for capital funding, only £25,000 r…
“If the future funding of the capital programme is considered and internal borrowing is deducted, it can be seen that there is just £25,000 left in the…”
Investment Interest Returns - Treasury Management
Strong treasury management performance: unaudited actual interest from investments and bank accounts £3.1 million, exceeding budget by £1.1 million. Achieved investment rate of 5.16% against budget 4.…
“The unaudited actual income for interest from investments and bank accounts for 24/25 is £3.1 million, an increase of £1. £1.1 million from the approv…”
Draft Budget Preparation and Consultation
Draft budget for 2026-27 will be prepared in December 2025 and released for a 4-week public consultation period before final budget changes are made. Final budget will be presented to full council in …
“the draft budget, I mean, December, will be subject to widespread public consultation for a 4-week period before changes are made to the final budget.…”
Treasury Management Investment Income £2.5 Million Forecast
Treasury management forecasting £2.5 million investment and bank interest for 2025-26, representing £500,000 increase from approved budget of £2 million. Improved performance due to additional cash av…
“The forecast outturn for interest from investments and bank interest for 25/26 is now £2.5 million, an increase of £500,000 from the approved budget o…”
Q1 2025-26 Revenue Expenditure On Track
Revenue expenditure tracking to budget for first time in several years. Actual expenditure to end June £4.37 million against budget, representing £0.3 million underspend. Forecast year-end outturn of …
“Our forecast spend on services is on track for the first time in a number of years. It's tracking almost exactly to forecasted expenditure... staffing…”
Government Funding Review Implementation
The government is undertaking a comprehensive funding review and implementing a first-time business rates reset that will reset the council's baseline. The local government finance settlement will be …
“The report explains where we are with the government's funding review. Which due to the very large number of changes, the financial impact won't reall…”
Budget Deficit Challenge 2026-2027
The council faces a projected budget deficit of £2 million for 2026-27, rising to £7.3 million in 2027-28 and £8.8 million in 2028-29. Key pressures include increases in employees' National Insurance …
“The projected deficit between income and expenditure is currently just over £2 million... The major changes to the medium-term financial strategy incl…”
Common seal authorization
Resolution to authorise the council’s common seal to be affixed to contracts and related documents.
“to authorise the common seal of the Council to be affixed to any contract, minute notice or other document arising out of the minutes or pursuant to a…”
Risk Management Policy & Framework Updated
Cabinet approved updated Risk Management Policy Statement, Strategy, and Framework following recommendations from Corporate Peer Challenge and external auditors' value for money report. Facilitation o…
“This report is an updated risk management policy and framework following recommendations and improvements highlighted by the Corporate Peer Challenge …”
Governance Review of Tunbridge Wells Property Holdings Limited
Mid Kent Legal Services completed comprehensive governance review of Tunbridge Wells Property Holdings Limited assessing company governance framework and council's oversight arrangements. Review confi…
“The governance review supports and concurs with the responses provided. The review concludes that the company is an appropriate and effective vehicle …”
Authority Delegated for Final Amendments to Submission
Authority has been delegated to the Leader of Tunbridge Wells Borough Council and the Chief Executive to make any final amendments to the LGR business case submission before the 28 November 2025 deadl…
“Recommendation 3 reads that authority is delegated to the leader of the council with the chief executive to make any final amendments to the submissio…”
Submit LGR Business Case to Government
Tunbridge Wells is required to submit the approved Option 3A business case to government by 28 November 2025. The submission will trigger public consultation in February 2026, with government decision…
“That cabinet agrees that the business case for local government reorganization in Kent and Medway to 3 unitary authorities, brackets, Option 3A, as se…”
Local Government Reorganisation Option 3A Approved
Cabinet approved the business case for Option 3A - local government reorganisation creating three unitary authorities across Kent and Medway (West Kent, North Kent, and East Kent). This represents a c…
“Cabinet 1 notes and considers the content of the report and the comments from the Cabinet Advisory Boards and full council. Recommendation 2, that cab…”
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