Understanding Community Asset Transfer: A guide for local authorities

It includes the things that motivate people to get involved and the golden rules to follow.

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.

This resource provides guidance on assessing 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.

This template is designed to help all types of community organisations wanting to write a business plan for a new business idea. It includes the structure you should follow and guidance on what to include in each section of your business plan.