Community asset transfer
- Buying or leasing a community asset
- Community asset transfer policy
Buying or leasing a community asset
Not-for-profit community organisations, including charities or town and parish councils, can apply to lease or buy property and use it to help the community. This is called a community asset transfer.
Properties can include:
- open spaces
- play areas
- community halls
- heritage buildings
If it's a site we already use or something we've bought for investment, you may not be able to apply for it (e.g. our halls and offices, shops, industrial units). If we no longer need them, they go through a sales process and you can apply at this stage.
As we hold the property in trust, we can't offer detailed advice as we need to stay impartial. The following organisations may be able to offer information or support:
Your organisation will need to pay for your professional fees including your surveyors and lawyers. The property will be valued and sold to you at market value (although this would be reduced as the land would be restricted to community use).
We will pay our own professional fees.
The property and land is subject to planning and listed building controls. You will need to make sure you consider this and check the 'Use Class' and any listed building status.
We will impose a restriction that the property is for community use, but we can consider other uses if it supports the community.
You will be asked to submit a full application including a business plan. The longer the term of the lease, or if it is a freehold transfer, the more information you'll need to provide. We will advise you.
Aims and objectives of the organisation
A statement of the aims and objectives of the organisation and how the benefits to furthering these objectives that a Community Asset Transfer would provide.
Social impact benefits
Description of who the organisation serves, including the number of individuals/groups benefiting from the service, the degree of support and any information on number of people that use the service. Demonstrate how the organisation improves the quality of life of people living in North Northamptonshire.
Economic impact benefits
Include the management structure, number of employees, details of any expansion and jobs created as a result of the asset transfer. Give details of your volunteering policy and numbers of volunteers working for the organisation.
Confirm the legal entity that would be the transferee, provide a current written governing document (such as Memorandum and Articles of Association). Provide a governance policy and include your safeguarding policy and process.
Health and safety and equality and diversity policies
You should include your equality and diversity policy, as well as your health and safety policy.
Property and land information
Provide details of current ownership or leasehold interests, information on management arrangements and experience of property responsibilities. This should include the type and headline terms of the transfer requested, and why.
Insurance policy for public liability and employer liability. We require £5 million in public liability insurance.
A viable financial model showing the investment available to the organisation, evidence of the ability to attract funding, three years financial accounts and recent bank statement.
How you will reach out to new customers and how will the asset support this policy.
How will the transfer contribute to a productive partnership between the council and the organisation.
Proposals for energy efficiency, recycling of waste and natural benefits such as increased biodiversity or carbon reduction.
The first stage is to submit an expression of interest. Our team will then provide some basic guidance for your application.
Then you will need to submit a full application with a business plan.
Last updated 06 October 2022