Laura Sharman 02 October 2015

Calls for new fund to help transfer council assets to community groups

Calls for new fund to help transfer council assets to community groups image

The Government should set up a new fund to help community groups take control of council assets, according to a coalition of civil society organisations.

In a letter to the prime minister, the groups say they predict an ‘unprecedented’ release of local government assets in the next few years.

However, they say many councils are taking a ‘narrow’ approach to asset disposal by only focusing on the immediate cash return, so ignore the wider social and economic benefits of transferring assets to community ownership.

It also said ‘unrealistic’ timescales and technical and regulatory barriers are preventing community groups and charities from buying assets from local authorities.

The letter says a new Community Capital Fund would allow charities and community groups to bid for funding to help take over assets. They say this would help organisations to lever in additional finance to secure assets for sale and then operate them sustainably.

The letter read: ‘The total asset base of local authorities in England is estimated to be worth £250bn, and there is now an opportunity to ensure that vital community assets are safeguarded and continue to benefit local people while also boosting the ability of community organisation to deliver public services.’

For your free daily news bulletin
Highways jobs

Principal Energy Engineer

Surrey County Council
£45,734 - £51,725 per annum
Do you have experience in working with delivering carbon reduction measures into a range of building projects? Surrey
Recuriter: Surrey County Council

Wellbeing and Independence Practitioner - Safeguarding

Essex County Council
£27203 - £31370 per annum
Please note, this role is a Fixed Term Contract until the end of March 2022. With us, you can achieve more - for yourself as well as those you work England, Essex, Chelmsford
Recuriter: Essex County Council

Chief Fire Officer/Chief Executive

Essex County Fire & Rescue Service
c. £150,000
Are you ready for an exciting and rewarding opportunity Essex
Recuriter: Essex County Fire & Rescue Service

Housing Development Manager

City of York Council
£36,476 to £41,830 per annum
Do you want to play a key part in the delivery of “the UK’s most ambitious council-led housing programme in a generation”? York, North Yorkshire
Recuriter: City of York Council

Resettlement Support Workers

City of York Council
£21,989 to £24,447 per annum
We are looking to recruit two individuals to provide high quality support to those living in the resettlement hostel for young people aged 16-25 York, North Yorkshire
Recuriter: City of York Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue