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Preparing for Asset Transfer
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Preparing for Asset Transfer


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Presentation from the Development Trusts Association about the advantages of Asset Transfer as a way of empowering the community

Presentation from the Development Trusts Association about the advantages of Asset Transfer as a way of empowering the community

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  • 1. Every Voice Counts- Preparing for Asset Transfer Carrie Weekes Regional Development Manager Development Trusts Association West Midlands
  • 2. Development Trusts assets enterprise freehold or leasehold in an asset such as a building or a piece of land businesses with social objectives whose surpluses are reinvested in the business or in the community
  • 3. Benefits of Asset Transfer Communities: Preserving iconic buildings/local facilities Developing strong/stable community anchor organisations which can deliver on health, social care, arts, sports, employment and support smaller groups to thrive Independent 3 rd sector - unrestricted earned income to support community activity Local Authorities: Increase in feelings of influence locally (NI4) Improved environment for thriving 3 rd sector (NI7) Improved cohesion & sense of belonging (NI1 & 2) More effective use of assets – better value for money Attracting additional resources to the area Government: “ Big Society Thinking” “ Increase in no. of people engaged in the running & ownership of local services and assets” Communities in control: real people, real power A vital part of commitment to a thriving 3 rd sector through “Community buildings, accessible to the whole community” Third Sector Review
  • 4. Asset Transfer: Recent History
    • 2007 ‘Making Assets Work’: The Quirk Review of Community Management and Ownership of Public Assets;
    • Launch of Advancing Assets for Communities.
    • 2008 ‘Managing Risks: A CLG Guide’;
    • Launch of £30m Community Assets Programme;
    • ‘ Communities in control’ White Paper – empowerment.
    • 2009 Asset Transfer Unit;
    • Launch of £70m Community Builders Fund.
    • Advancing Assets Year4.
  • 5. Every Voice Counts
    • Mapping opportunities for transfer in the West Midlands
    • Working with local authorities and other statutory partners to identify opportunities
    • Working with third sector organisations and neighbourhoods to identify projects and support needs
    • Work with the ATU to pilot a web based matching service with tools and support via
  • 6. Development Trusts Association For further information: Carrie Weekes Regional Development Manager [email_address] m. 07912 269674