Preparing for Asset Transfer

Every Voice Counts- Preparing for Asset Transfer Carrie Weekes Regional Development Manager Development Trusts Association West Midlands

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

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

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.

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 www.evcwm.org.uk

Development Trusts Association For further information: www.dta.org.uk www.atu.org.uk www.buildingcommunity.org.uk Carrie Weekes Regional Development Manager [email_address] m. 07912 269674

Preparing for Asset Transfer

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