Cut-out letters spelling community on a cork board

Asset Transfers

The guidance on asset transfers has the potential to further enhance community participation. Engaging with communities through this process provides a mechanism through which to fully utilise public assets to improve local outcomes and seek to reduce inequality in areas of disadvantage. Relevant public bodies should now consider the following:

 

  • There is a now an incentive for public bodies to be innovative and radical in their approach to community ownership.
  • Asset planning should now consider community ownership and adjust estimations for capital receipts accordingly.
  • How asset planning activity will be coordinated to ensure the community are fully involved and have an opportunity to participate.
  • Coordinate asset planning across the CPP (where the relevant public bodies are part of the CPP).