Capital Director

Powered by Water, Driven by Purpose
South West Water keeps the South West flowing with safe, reliable drinking water and wastewater services across some of the UK’s most stunning landscapes.
We’re proud to be part of Pennon Group, a leader in the UK water sector, working towards a greener future. Our goals? As well as lowering our carbon footprint, we’re working with partners to plant 300,000 trees, restore peatlands and supporting farmers and landowners to improve water quality and wildlife.
Whether you’re starting out or seeking a new challenge, our scale and ambition create opportunities for you to shape your own career.
Ready to make a splash? Join our team today.
We are looking for an exceptional Capital Director to lead the strategic delivery of a £3.2bn capital investment programme (2025–2030), driving the future of water and wastewater infrastructure.
This is a critical executive leadership role, reporting to the Chief Asset Officer you will be responsible for ensuring our capital portfolio delivers safe, compliant, resilient, and affordable services for customers—while meeting ambitious regulatory, environmental, and operational outcomes for AMP8 and beyond.
You’ll provide oversight of major programmes and champion best-in-class project, programme, and portfolio management across the organisation.
What you'll be doing:
Lead Capital Programme Delivery
Oversee a complex portfolio of major capital programmes (c. £750m per annum)
Ensure delivery against cost, schedule, quality, and performance targets
Drive excellence in health & safety, environmental compliance, and sustainability
Governance & Assurance
Chair key governance forums and ensure robust control frameworks
Maintain regulatory, audit, and assurance readiness across all programmes
Commercial & Supply Chain Strategy
Define and deliver commercial strategies, including alliancing and delivery models
Build high-performing, collaborative partner ecosystems
Ensure strong risk management and value for money
Regulatory & Stakeholder Engagement
Act as a senior interface with regulators, including Ofwat
Support business planning and price review processes
Build trusted relationships with stakeholders, partners, and communities
Leadership & Culture
Lead and inspire multidisciplinary teams
Build capability across programme delivery, digital, and carbon management
Foster a culture of accountability, inclusion, safety, and continuous improvement
What we're looking for:
Experience
Extensive senior leadership experience delivering large-scale capital programmes
Background in regulated infrastructure environments (e.g., water, utilities, transport, or energy)
Strong knowledge of UK regulatory frameworks, asset management, and governance
Proven track record in driving performance, efficiency, and innovation
Experience working with complex stakeholder landscapes
Qualifications
Degree in Engineering, Asset Management, Business Planning, or a related discipline
Professional accreditation (e.g., IAM, ICE, CIWEM) is desirable
What's in it for you:
We know our people drive our success — so we’re committed to offering an excellent range of benefits, including:
30 days annual leave + bank holidays
Bonus Plan
Private Healthcare
Company car or cash for car allowance
Competitive contributory pension
Share-save scheme
Health benefits & wellbeing support programmes
Group discounts
Cycle to Work scheme
Financial support services
Development and training opportunities
… and much more!
Closing Date: 19th June 2026
We may close this vacancy early if we receive a high volume of applications. We encourage you to apply as soon as possible.
Please note that the successful candidate will be subject to a mandatory DBS check as part of the onboarding process.
Be yourself, we like it that way. Together, we will build a culture of belonging, where inclusion is instinctive. Diversity is our strength and a reflection of our communities. We care, we value everyone, we celebrate uniqueness.
Our core values, which are essential to our success, are:
Be Rock Solid - Build trust and be trusted. Be the one we all look to and can depend on.
Be You - We want you to bring your best everyday. Be yourself and make your mark in your individual way.
Be the Future - Embrace change. Drive Progress. Own the challenge.

- Division
- South West Water
- Department
- Engineering, Technical and Scientific
- Locations
- Exeter (Peninsula House)
- Employment type
- Full-time
About South West Water
We look after the water and wastewater services for 1.8 million customers across Cornwall, Devon, the Isles of Scilly and parts of Dorset and Somerset.
From treatment and maintenance, to innovation and improvements, we're busy every day finding and fixing leaks, unblocking sewers and going bigger and further in our environmental work to be a company you can be proud of.