Understanding community asset transfer
A guide for community organisations
Thousands of spaces across the country are already owned by community organisations – from sports centres, shops and cinemas, to nurseries, health centres and wind turbines.
For community businesses, owning an asset can provide a sustainable income stream and a secure base for community activities, service delivery and local enterprise. Community ownership also enables local people to take control of the important spaces and buildings which matter to them locally, to meet the priorities and needs of the local area.
Community Asset Transfer is the transfer of a publicly owned asset (usually land or buildings) to a community organisation at less than market value, or at nil consideration (no cost).
This guide provides information and advice about Community Asset Transfer. It can be a long and complex process, and in this guide we provide support to guide you on your community ownership journey
About the authors:
Locality supports local community organisations to unlock the power in their community to build a fairer society. Our member network of over 550 community organisations creates the services their community needs most in spaces where everyone belongs. Locality provides specialist advice, peer-learning, resources, and campaigns to create better-operating conditions for our members.
Power to Change is an independent trust that strengthens community businesses across England. We received our endowment from Big Lottery Fund in 2015. At a time when many parts of the UK face cuts, neglect and social problems, we are helping local people come together to take control and make sure their local areas survive and stay vibrant.
