Community asset transfer policy

Asset transfer is the process of transferring ownership or leasehold of property or land from one party to another.

Further information

It can help secure community use of buildings and provide a development opportunity for community and voluntary organisations.

The 2007 Quirk Review recommended that local authorities and other public bodies consider community asset transfer as a viable option for achieving local benefit.

In December 2010 the Localism Bill was published, which is linked above. This requires local authorities to draw up, hold and publish a list of assets of community value. Communities have the opportunity to nominate the assets which are most important to them for possible inclusion.