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Home Council Budgets, Finance & Tax

Community Asset Transfer red tape set to be cut

Owen Donovan by Owen Donovan
7 years ago
in Council Budgets, Finance & Tax
0
Six community projects selected for BCBC funding in 2019-20

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(Title Image: via Google Earth)

As you probably already know, Community Asset Transfer (CAT) is a BCBC policy to transfer community facilities like sports pitches and community centres to town & community councils and other interested local groups.

BCBC hopes the process will save the council just under £440,000 a year by the end of the 2020-21 financial year. So far, ten CAT projects have been approved, with match funding of £230,000 provided by BCBC.

As the moment, there are several hoops for interested parties to jump through to complete the CAT process. A report to be discussed by BCBC’s Cabinet next week (pdf), acknowledges that the preparation of detailed business plans with five-year projections is “time-consuming and costly” – even if it’s necessary for community groups and alike to demonstrate they can run a CAT facility effectively.

Following a review of the CAT process, several changes are proposed including:

  • A list of assets available for CAT should be maintained and periodically reviewed (pdf).
  • Interested parties should be provided with data on the condition of an asset and its running costs promptly.
  • Detailed business plans should only be required for “complex” and “risky” CAT projects, though a 5-year income and expenditure projection should remain for the majority of applications.
    Town & Community Councils and other established community groups (though there’s no definition of this) should have their CAT applications “fast-tracked” where an asset is deemed to be in good condition.
Tags: AdministrationCabinetCommunity Asset TransferFinance
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