Decision details

RESOLVED that: -

(a)     Cabinet noted that this policy is the first of several asset related policies to be drafted as part of the wider Asset Management Plan development for the Council;

(b)     Cabinet adopts the Community Asset Transfer Policy; and

(c)     Cabinet noted that each CAT application will be considered by the Asset Investment Panel, and if approved, the transfer will be progressed in accordance with the Council’s Financial Regulations. 

Voting: Unanimous

Portfolio Holder: Leader of the Council and Portfolio Holder for Development, Growth, Regeneration and Transformation

Reason

The Council is in the process of developing a comprehensive Asset Management Plan (AMP) which sets out how it best manages its land and buildings to support the delivery of Council services and the priorities set out in the Corporate Strategy and The Big Plan. Part of the development of the AMP is to establish a suite of policies that assist with the management of assets, and the Community Asset Transfer Policy is one of the first policies to be brought forward for adoption.

BCP Council is committed to facilitating the transfer of appropriate assets to provide sustainable benefits to local communities. This policy has been prioritised in its development as the Council recognises an interest from some local community groups ready to submit applications. By having a policy in place there will be a fair and transparent framework and process for all parties to understand and follow. This Policy will also complement the Council’s approach of Asset Based Community Development across BCP.