27/10/2026
RVP: FROM VANITY TO LEGACY:
WHO WILL PAY THE PRICE?
£68 MILLION BORROWED.
A POTENTIAL £201 MILLION REPAYMENT BILL.
How can Tunbridge Wells Borough Council justify saddling our children, grandchildren and even their grandchildren with debt stretching over 50 years?
The proposed Royal Victoria Place project raises serious questions about affordability, accountability and the future of our town.
👀 LOOK AT THE NUMBERS
A £68 million loan repaid over 50 years could mean around £201 million in total repayments, according to the figures being cited.
Over 10 years, the total would be around £90 million — although annual repayments would be much higher.
A longer loan may reduce the annual bill, but it does not make the debt disappear. It means paying for longer, with future generations carrying the financial risk.
THE HIGH STREET HAS CHANGED
AND WILL CHANGE AGAIN
Think back 50 years.
Woolworths was a fixture of British high streets. Today, it is gone.
BHS has disappeared. Debenhams has disappeared from the high street. Retail habits have been transformed.
In 1976, there was no internet shopping, no smartphones and no Amazon as we know it today.
Now we can order almost anything from our phones and have it delivered to our doors.
Working patterns have changed, too, with hybrid and remote working affecting town-centre footfall.
So what will shopping look like in 20, 30 or 50 years?
Nobody knows. That is precisely why committing future generations to decades of debt demands the closest scrutiny.
AND WHAT ABOUT LOCAL GOVERNMENT REORGANISATION?
The original expectation was that the financial burden might eventually be shared with neighbouring councils following Local Government Reorganisation.
That is no longer the assumption we can safely rely on. If the debt remains with Tunbridge Wells, local ratepayers could bear the consequences for decades.
OUR QUESTIONS ARE SIMPLE:
👀 Has every realistic alternative been properly explored?
👀 Have the long-term financial risks been fully explained to residents?
👀 Is this level of borrowing justified when the future of retail remains so uncertain?
👀 Why should future generations pay for a decision they had no say in making?
VANITY TO LEGACY
THE DEBATE MUST BE ABOUT MORE THAN BRICKS AND MORTAR.
It must be about affordability, accountability and the future of our town.
Our children and grandchildren deserve better than to inherit a debt they never agreed to.
The high-debt RVP option should be reconsidered, and the case for scrapping it must be taken seriously.
Tunbridge Wells deserves a sustainable future — not a financial commitment that could last half a century.