Feature image: Hexham CLH
CLT Network CEO, Tom Chance, has now written to Alex Norris MP, Parliamentary Under-Secretary of State (Local Growth and Building Safety) in support of his aims to promote community ownership and the co-operative economy, and to urge a greater ambition for community-led regeneration.
The King’s Speech earlier this Autumn included reference to a Community Right to Buy in the new Devolution Bill. This news has been received positively both by the CLT Network and by community organisations across the country – but we have shared concerns previously that this Community Right to Buy could include key terms that would make that it would make it inaccessible to CLTs. See Tom’s previous analysis and recommendations for CLT positive terms here.
Tom has also written for Power to Change about fair valuation for Assets of Community Value, calling for essential terms that would make sure that asset owners and communities can come to a fair price. Read this article here.
Behind the scenes, Tom has been working with government officials, councils and speaking with CLTs to explore what we need to create a cohesive community-led regeneration strategy that puts agency and wealth into the hands of communities.
In this new letter, Tom writes to Alex Norris, Parliamentary Under-Secretary of State for Local Growth and Building Safety, calling for greater and more ambitious support in order to significantly drive community power and co-operative models.
In this letter, Tom urges three key components of a community ownership strategy that would truly support community-led development:
- Design specific powers and funds like the community right to buy and the community ownership fund to enable community-led development in the broadest sense, to meet future needs and not just to protect existing assets.
- Align more public funds, and seek to shape the investment of private finance, so that they result in more assets of all kinds in community ownership. There is a particular opportunity for place-based funding such as through Homes England and combined Authorities.
- Support the development of intermediaries able to move quickly and at scale, and to access lower cost private capital, to work with communities on delivering projects, alongside initiatives that directly fund community organisations.
To learn more about these key proposals, take a look at the letter in full. We welcome any feedback on [email protected] and encourage our members to discuss this in the thread on our online community forum.