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LIVERPOOL TO LAND MAJOR TRANSFER COUP
Liverpool is about to land a major transfer coup potentially worth tens of millions of pounds .
No , this is not an exclusive on Jurgen Klopp ’ s next signing ! This is about a transfer policy of a different kind . One that could lead to a grassroots revolution , not on the football pitch but in the community .
Voluntary groups in the city are set to be given the keys to unlock longheld dreams of breathing new life into run down areas or buildings , creating new businesses and homes and generating jobs for years to come .
Liverpool City Council ’ s cabinet has approved what has been described as a game-changing boost to regeneration in its neighbourhoods , by adopting a Community Asset Transfer policy .
At the heart of the policy is the radical concept of converting the “ social value ” of a community group ’ s business plan into a monetary value which can then be used to offset the cost of using council-owned land or buildings . The aim is to support third sector groups whose primary purpose in using a council asset is to offer Liverpool residents social , community or environmental benefits . Council buildings or land may be leased at less than market rent in return for delivery of such social value outcomes .
The passing on of ownership and / or management to voluntary and community organisations , social enterprises and other not-for-profits could be done on either a long-term or a short-term basis . And by adopting this policy it will allow these groups to then use the commercial market value of the land or property to support their bids for loans or external funding .
The thinking behind the policy goes to the heart of Mayor Joanne Anderson ’ s triple-lock programme ( on equality , inclusion and environmental sustainability ) which is aimed at placing social value at the heart of the council ’ s decision making process and how it evaluates the non-financial benefits of a scheme . The policy also underpins two key ambitions of the council ’ s City Plan :
• To help create thriving , empowered and compassionate communities for all .
• To assist community and voluntary organisations to provide services and support for the city ’ s most vulnerable people .
• The Community Asset Transfer policy has also been designed to respond to the Best Value inspection which found the council ’ s support and leasing of properties to third-sector organisations was ad-hoc and lacked a consistent and clear direction .
• Another major benefit of this new approach is that it will also offer a solid base for community organisations to work from , allowing them to plan with security and to attract new revenue streams which could help improve the skills and capacity of staff and volunteers .
How will the Community Asset Transfer policy work ? Applications will be subject to the city council ’ s due diligence checks and processes . Potential projects will be assessed for strategic fit , deliverability and impact ( economic , social and environmental ), and affordability .
The city council will provide two primary means of affordability support :
• Rental or transfer of asset at less than market value in return for the delivery of social value outcomes .
• Or in-kind advice and support .
• For disposals where the receipt inclusive of associated fees is over £ 250,000 , the highest tender will be referred to Cabinet for approval .
For disposals under £ 250,000 , the highest tender may be approved and accepted by the Director of Finance and Resources – in consultation with the Cabinet Member for Finance and Resources .
What are the next steps ? The process will be advertised on the city council ’ s website in the near future , once the new process and a delivery plan has been finalised . Following publication , the city council will also seek to work with Liverpool City Region Combined Authority and the third sector to identify any additional capacity building and feasibility funding for potential applicants with regards to community transfers .
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