An overview of Community Asset Transfer (CAT)
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Thousands of community assets – buildings, shops, pubs and green spaces are successfully owned or managed by community organisations across England.
Your community can too by nominating, transferring or taking over their local assets.
You can:
Nominate local assets such as pubs, shops, historical buildings and green spaces by nominating them as Assets of Community Value.
Transfer land or buildings from local authority to the community with Community Asset Transfer.
Take over management or ownership of land and buildings with the Community Right to Bid.
Nominate local assets of Community Value (ACVs)
Places and spaces that are important to your local community: town halls, swimming pools, pubs, parks, churches, historical landmarks, can be nominated as as Assets of Community Value.
Manage or own local assets
Community Asset Transfer
Assets that are owned by a statutory body (such as a local authority) can be transferred to be managed or owned by a community based organisation potentially at less than market value, if it has social, economic or environmental benefits for the community.
Community Right to Bid
When an Asset of Community Value goes up for sale, interested local organisations can use the Community Right to Bid to invoke a moratorium (a ‘pause’ in the sale process) for up to six months, giving the community the opportunity to raise the funds to bid for the asset on the open market.
Read more about the Community Right to Bid
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