service areas.’ local people’s asset is likely to result aspirations, in in a better service to enhancing the local meet the needs of their economy, community, lower environment and have overheads and better the capacity to value-for-money, as strengthen the well as more intensive community, voluntary use of the asset. and social enterprise • CAT empowers local sector.’ communities, puts local organisations in control, encourages pride of place and generates wealth in communities. Date of Policy December 2012 February 2011 April 2013 May 2016 N/A Types of organisations eligible ‘Bona fide “not for ‘Groups must be Any prepared to pay ‘Community-led (i.e. its Community-led (i.e. its to apply profit” community community led, the required rent. proposed/existing proposed/existing organisations (not for demonstrating wider governance governance commercial profit community support arrangements must arrangements must making purposes but for the community demonstrate that it has demonstrate that it has community benefit) e.g. asset transfer and strong links with the strong links with the Charity, CIC, Social clearly defined local community, and local community, and Enterprise. objectives which that members of the that members of the A not for profit would be enhanced community are able to community are able to organisation can be and delivered through influence its operation influence its operation defined as one which the addition of the and decision-making and decision-making uses its surplus revenues asset in question. processes); processes); to realise its social goals • Their primary Community or legal Community or legal rather than distributing purpose must be entity that exists to entity that exists to them as profit or or with perpetuate social, perpetuate social, dividends plus an “asset profits invested back economic or economic or lock ” and clearly stated into local communities environmental benefit environmental benefit social goals/ focus on or the city. in the London Borough in the London Borough community benefit.’ • Must have a clear of Lambeth, is of Tower Hamlets, is
service areas.’ local people’s aspirations, in enhancing the local economy, environment and have the capacity to strengthen the community, voluntary and social enterprise sector.’ asset is likely to result in a better service to meet the needs of their community, lower overheads and better value-for-money, as well as more intensive use of the asset. • CAT empowers local communities, puts local organisations in control, encourages pride of place and generates wealth in communities. Date of Policy December 2012 February 2011 April 2013 May 2016 N/A Types of organisations eligible to apply ‘Community-led (i.e. its proposed/existing governance arrangements must demonstrate that it has strong links with the local community, and that members of the community are able to influence its operation and decision-making processes); Community or legal entity that exists to perpetuate social, economic or environmental benefit in the London Borough of Lambeth, is ‘Bona fide “not for profit” community organisations (not for commercial profit making purposes but community benefit) e.g. Charity, CIC, Social Enterprise. A not for profit organisation can be defined as one which uses its surplus revenues to realise its social goals rather than distributing them as profit or dividends plus an “asset lock ” and clearly stated social goals/ focus on community benefit.’ ‘Groups must be community led, demonstrating wider community support for the community asset transfer and clearly defined objectives which would be enhanced and delivered through the addition of the asset in question. • Their primary purpose must be or with profits invested back into local communities or the city. • Must have a clear Community-led (i.e. its proposed/existing governance arrangements must demonstrate that it has strong links with the local community, and that members of the community are able to influence its operation and decision-making processes); Community or legal entity that exists to perpetuate social, economic or environmental benefit in the London Borough of Tower Hamlets, is Any prepared to pay the required rent.
Final%20TH%20Com%20Buildings%20Report%2021.7.16%20%282%29.docx