Community asset transfer is the process through which a Blackpool Council property asset, either freehold or leasehold is transferred into the ownership of a voluntary, community or faith sector organisation.
The council has the option to do this at a cost that is of less than market value.
What is involved
The transfer of assets can involve different levels of handover of land and/or buildings, for example:
- Licence - the right to use property on certain terms, bit not granting exclusive possession
- Leasehold - interest in a property with exclusive possession for a certain number of years
- Freehold - either a sole basis or through a joint partnership agreement
Examples of land and building assets could include:
- Parks and play spaces
- Community centres
- Sports centres and swimming pools
When an organisation makes an expression of interest, the council will consider how any proposed asset transfer will promote social, economic or environmental wellbeing in the town and support the core purpose and corporate outcomes of the council.
Please note that the council will not accept proposals where property will be used to support activities of a political nature, nor activities that will exclusively support or promote religion or religious belief.