Council-owned community assets in Camden Jeff Hopwood, Community Assets Strategy Lead Camden Council 1

Community centres Day centres TRA halls Children’s centres Nurseries Play centres Voluntary sector What do we know about what we’ve got? Commercial / shops Parks Libraries Leisure centres Schools

The Problems 200+ premises Variety of occupation arrangements Need for capital receipts Need for corporate approach Need to better understand social value Desire to empower VCS and continue their independence 3

Our approach Rent relief – pragmatic application Work with VCS to develop a new lease Community Investment Programme Assessing social value 4

Rent relief For VCOs occupying LBC premises If client base is: –>90% Camden residents = 100% rent relief –50-90% Camden residents = 50% rent relief –<50% Camden residents = no rent relief Awarded from 1 st January 2012 to 31 st March

The new VCS lease 20 year lease, outside L&T Act Market rent less 35% - rent relief awarded separately 3 year’s notice break option where: 1.LBC intends to redevelopment 2.Landlord’s repairing liabilities become excessive LBC will use all reasonable endeavours to re-provide suitable alternative accommodation Clarifies responsibilities – on both sides No need for guarantor or surety Letter of comfort – pledge to support external funding bids 6

Community Investment Programme 15 year plan to invest money in schools, homes and community facilities. £403m capital funding gap – lost over £200m of capital funding from government Redeveloping or selling buildings or land that are underused or expensive to maintain Objective is to raise £300m to: –Deliver 2750 new homes –Invest £178m in 13,000 existing homes –Invest £117m in 58 schools and children’s centres –Provide 9,000m 2 of improved community facilities & space 7

Social value assessment model Quadrant 3 Low LBC cost / low impact Quadrant 4 Low LBC cost / high impact Quadrant 1 High LBC cost / low impact Quadrant 2 High LBC cost / high impact 100% Ext’l £ 50% 100% LBC £ Low impactCamden PlanHigh impact 8 Investment This model correlates the perceived value of the benefits of services / activities provided from the premises against the cost of the premises to the council. The objective is that premises fall into Quadrant 4 – the greatest impact at the lowest cost. This can also be applied to 3 rd party community premises, enabling a comparison with LBC premises in a neighbourhood.

Links and contact VCS investment & support programme and rent relief – VCS lease - x?CId=122&MId=4049 item 9, section 5 & appendix 13 x?CId=122&MId=4049 Community Investment Programme – Camden Plan – Contact - 9