Introduction

 

Community Asset Transfer (CAT) refers to the process by which publicly owned assets, such as buildings or land owned by local authorities or public bodies, are transferred to community groups or organisations for the purpose of delivering social, economic, or environmental benefits to the local community.

The key features of CAT include:

  • Community Ownership: Ownership or long-term lease of public assets is transferred to community groups or organizations. This can include buildings like community centres, libraries, sports facilities, or even open spaces and land.
  • Community-Led Initiatives: The purpose of the transfer is typically to enable community-led initiatives that aim to benefit the local area. This might involve running community services, fostering local entrepreneurship, or preserving cultural heritage.
  • Local Authority Support: The process usually involves cooperation and support from local authorities or public bodies, which may provide financial assistance, grants, or other resources to help communities take on and manage these assets.
  • Social Value: The emphasis is on creating social value rather than purely financial gain. Community groups often focus on delivering services or activities that meet specific local needs and priorities.
  • Legal and Regulatory Framework: There are established legal and regulatory frameworks that govern CAT, ensuring transparency, accountability, and fairness in the process.
  • Community Engagement: Successful transfers typically involve robust community engagement and consultation processes to ensure that the transferred assets meet the needs and aspirations of residents.

CAT is a way to empower communities, promote local decision-making, and build sustainable development by leveraging underutilised public assets for community benefit.

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Websites (URLs):

Loconomy (Community Benefit Society), St Paul’s Centre, 405B, Belchers Lane, Bordesley Green, Birmingham, B9 5SY