Principles for guiding an asset transfer
Determining when a Community Asset Transfer would be used
Asset identification
The council's first consideration once an asset is surplus to service delivery or commercial requirements is to find whether the facility is an asset or a liability to the council or blight to the area in its current form.
Financial viability
A community asset transfer is unlikely to be considered where the facility can generate income from the open market or generate a capital receipt by selling the asset.
Availability of alternatives
A community asset transfer is less likely to be considered where alternative local premises are reasonably available to community-based organisations and users.
Legal obligations
The asset transfer should not be contrary to any legal obligations, restrictions, or grant conditions placed on the council.
Proactive approach
The council will adopt, wherever possible, a proactive approach to identifying and advertising surplus land and buildings no longer required for the delivery of services, including an indication of the likelihood that they could be considered for a community asset transfer.