This expert written guidance looks at the feasibility of acquiring or refurbishing a building or land asset.
It emphasises that feasibility is an ongoing process, not a one-time task, and should be revisited throughout development.
The resource highlights the importance of asking challenging questions early, as many later-stage issues stem from inadequate feasibility assessments.
A thorough feasibility process also strengthens funding proposals by showing a well-reasoned development approach.
Related resources
Maximising use of community assets in a cost-of-living crisis
How do you run an asset that can be used for service delivery while maintaining a viable community business? This session looked at how to make the most of asset space during the cost-of-living crisis.
This feels like the eternal question for asset owning community organisations. However, as the cost-of-living crisis deepens, finding the balance between service delivery and sustainability has become even more of a challenge. This session looked at how to make the most of asset space during the cost-of-living crisis.
We heard from community organisations who are currently tackling this issue. We also heard from Wrigley’s Solicitors about how best to “flex” your assets and the legal considerations.
- Fran Etherington from the The Old Fire Station, Leeds, told us that room hire remains a core part of their income generation model. They believe forward planning has been essential to their sustainability through the cost of living crisis. They put strong financial planning procedures in place during covid, agreed to fixed utility rates before the crisis fully hit, and have loyal tenants.
- Laura Moss of Wrigleys Solicitors discussed the legal considerations of using assets in different ways. “it is important to have flexible legal structures so the organisation can adapt and exploit new opportunities”
- Megan Ohri from SOAR, Sheffield, explained how they have tapped into the desire of tenants/ users to make more ethical choices. They have been able to use the fact they are a non-profit, with green credentials, that provide warm spaces to work as a unique selling point.