Asset Transfer 23 rd March 2011 Jeff Scales The DTA.

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Presentation transcript:

Asset Transfer 23 rd March 2011 Jeff Scales The DTA

Making Assets Work 2 What is Community Asset Transfer? ► The transfer of the interest/ownership in buildings or land ► To locally accountable community organisations (i.e. independent, majority community reps, often charities) ► Transfer can be a lease (but a substantial one) or a freehold (key is security of tenure and ability to develop it as an asset) ► Can be at ‘nil consideration’, less than best consideration or below market value ► The trend is huge variety

Making Assets Work 3 Community Asset Transfer - A potted history… ► Growth of the ‘third sector’, particularly ‘community anchors’, enabling role of Councils, community empowerment, neighbourhood renewal, devolution and localism etc ► A history of Councils recognising the power of communities to optimise the community benefit of public owned assets ► 2003 General Disposal Consent ► 2006 Government White Paper – Strong and Prosperous Communities ► 2007/2008 The Quirk Review, Community Assets Fund & Advancing Assets for Communities ► 2008 Government White Paper – Communities in Control ► 2009 Asset Transfer Unit & Communitybuilders Fund ► 2010 Big Society & Localism Bill – Community Right to Buy

Making Assets Work 4 Challenges ► Time & Resources ► Clarity ► Building and maintaining support ► Where is the capital going to come from? ► Where is the revenue going to come from? ► Long term tenants or sessional use? ► Deliverer or Host? ► Staff or Volunteers? ► Size, Suitability and Condition ► Location (implications for assets in disadvantaged areas) ► Links to procurement and local service provision ► LA issues – justifying less than ‘market value’, what if it goes wrong?, negotiating a decent lease, allowing asset development overtime

Making Assets Work 5 Opportunities ► Huge enjoyment, satisfaction and personal development ► Security and profile raising ► Developing real community ownership ► Mobilising the community ► Regeneration ► A strong community business (and enterprise development) ► A catalyst for partnership working ► For LAs – Community owned hubs, supporting LA efficiencies, preserving and creating new activities and services

Making Assets Work 6 Remember… It’s not about how big, good looking, well-designed, and environmentally sustainable it is. It’s what you do with it that counts!

Making Assets Work 7 Contact Jeff Scales Regional Development Manager (Northwest) t: m: e: Website:

Making Assets Work 8 Community /offices / conferences Bought for £400k from Leeds CC (less than MV using LEGI funding) Mixture of loan and grant (£2m in total) Letting to a mix of service providers and private sector Already looking at other buildings

Making Assets Work 9 Moorend Development Trust & Butterworth Hall Moorend DT at the opening ceremony ► Milnrow (Rochdale) ► Council to close the building on basis of cost & disrepair ► Over 11 users groups & 350 users faced losing premises ► Moorend DT met with Council and identified cost of repairs (high), rental income (low) ► Feasibility study undertaken ► 999 peppercorn lease granted ► Council did repairs and provided small grant for cleaner on basis of savings within 3 years ► Rents were raised but use has gone up and other funding has since been obtained