Community Asset Transfer National Perspective Debbie Lamb Development Manager Locality.
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Transcript of Community Asset Transfer National Perspective Debbie Lamb Development Manager Locality.
Community Asset Transfer
National Perspective
Debbie LambDevelopment Manager
Locality
We believe that every community is a place of possibility
Locality - merger of bassac and the Development Trusts Association
Nationwide network of settlements, development trusts, social action centres and community enterprises.
Locality
Locality members• Over 450 members in England
• Independent, community led, multi-purpose, local
• Assets, enterprise, social action
• A combined income of £297m, £177m is earned income
• £643 million community owned assets
• 5,000 staff and 23,000 volunteers
Community Asset Ownership
• National perspective on ….
• Why and how communities acquire assets
• Success factors
• Funding and Support
Why assets?
• Regeneration of local areas• Retaining/developing local services• Long-term commitment to an area• Earning income• Preserving valued buildings
– Long-term future
Community Owned Assets
• Traditional Purchase• Community Asset Transfer
– Quirk to current policy push
• Community Right to Bid: the Localism Act
Not all buildings are assets!
Community Asset Transfer
• Leasehold (min 25yrs) Most 99+ years• Less than market value to get social
outcomes• Asset locked, not for profit organisation• Multiple asset transfer• Local authorities and others?
Right to Bid• Retaining assets of community value for
community use
• Voluntary and community organisations and parish councils can nominate an asset
• Decision to sell triggers moratorium period
• Moratorium gives community organisations opportunity to raise funding to buy the asset
CAT and Right to Bid
Right to Bid Asset Transfer
Basis Statutory Policy encouragement
Type of asset Community value Any publicly owned asset
Ownership Any owner Public sector
Process Defined in Localism Act By negotiation
Value Market value Usually at an undervalue
Terms Must be freehold or lease of 25+ years
By negotiation
Success Factors
• Community support• Volunteers • Skills and enthusiasm of Board and staff• Stakeholder support• Viable business model• Identifying and mitigating the risks• Potential sources of capital funding
Websites and Resources
www.mycommunityrights.org.uk
www.locality.org.uk
Publications:• To Have and To Hold• Making the Most of Local Assets• plus technical guidance and case studies
Advice and SupportMy Community Rights Advice Service•E-mail and phone enquiry service•Options for direct supportCommunity Assets and Services Grants•Social Investment Business•Pre-feasibility and feasibility•Asset transfer and Right to Bid
web: www.locality.org.uk email: [email protected]
tel: 0845 458 8336 Locality, 33 Corsham Street, London NI
6DRDebbie Lamb 01207 588534