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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