Property owned by a person or company which has a value or ‘something valuable belonging to a person or organisation which can be used for the payment of debts’
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In today's society local authorities and other public bodies can play a key role in Transferring assets to community organisations and enterprises
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Community ownership of assets is a key to achieving financial viability, independence & sustainability which underpins community based enterprises & regeneration organisations
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It should be noted that there has been track record of asset development by community enterprises and other third sector organisations in Wales.
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Community assets are the base for a wide range of community enterprises & services provided by community organisations or development trusts & other social enterprises.
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Before starting any asset Transfer process communities need to understand and evaluate whether the community assets are indeed ‘viable’, not just liabilities and importantly ‘fit for purpose’ – many are not!
Read MoreThese case studies serve to make the unfamiliar familiar, and give readers an overview about the issues using specific member projects to better understand
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