Community Ownership
A Place for All
At Community Ownership, we believe in the power of communities to shape their own destinies. By taking control of buildings and spaces, communities can create vibrant hubs of activity, foster a sense of pride and belonging, and generate positive social, cultural, and economic outcomes. Join us on this journey of community empowerment and let's make a lasting impact together.
Taking Control of Community Buildings and Spaces
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Communities thrive when they have spaces to meet, interact, and grow together. Taking control of community buildings and spaces can:
- Foster a stronger sense of community
- Provide a base for local services and activities
- Protect important assets from being lost to development
**Steps to Ownership:**
1. **Identify** a building or space and its significance to the community.
2. **Engage** with local stakeholders and build a collective vision.
3. **Research** the ownership and current status of the property.
4. **Plan** for the management, funding, and sustainability of the space.
5. **Negotiate** with current owners or governing bodies for transfer of ownership or use.
6. **Develop** a solid business plan to support your vision.
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Options for Taking Over a Public Building or Space
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Various routes can lead to community ownership:
- **Community Asset Transfer:** Negotiate with local authorities to transfer the asset into community hands.
- **Right to Bid:** Utilise the Localism Act to express interest in a property, which can result in a moratorium on sale.
- **Direct Purchase:** Acquire a property through traditional buying methods.
Affordability and Viability
Running a community building or space calls for careful financial planning. Consider:
- **Operational Costs:** Utilities, maintenance, insurance, and staffing.
- **Revenue Streams:** Rentals, events, services, grants, and donations.
- **Long-Term Sustainability:** Building a business model that ensures the space is financially sustainable.
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Finance and Grants
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Financial support is available from various sources:
- **Local Authorities:** Grants or funding opportunities for community projects.
- **Charitable Trusts:** Specific grants for community ownership initiatives.
- **Crowdfunding:** Raising funds directly from the community and supporters.
Advice on Leasing and Renting
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Understanding Commitments and Responsibilities
Whether leasing or renting, it's crucial to:
- **Know Your Lease:** Understand the terms, length, and obligations.
- **Maintenance and Repairs:** Clarify responsibilities with the landlord.
- **Exit Strategy:** Have a plan for ending the lease or handing over the space.
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