Published: 17th Jul 2019

Bramley Baths, Leeds A major study of community-owned land and buildings has revealed there are over 6,300 community-owned assets in the UK, adding £220m to the economy every year. As well as demonstrating for the first time the significant and growing contribution made to the economy by community-owned assets, Our assets, our future highlights areas where the sector needs more support in order to fulfil its economic potential. The research was commissioned by Power to Change and the Ministry for Housing, Communities and Local Government and is the first full analysis of the economic contribution and financial health of England’s community-owned assets in over a decade. The research found that poorer areas are less likely to have community-owned assets, with the most deprived 30% of neighbourhoods containing just 18% of assets. The report also highlights the financial difficulty many community-owned buildings are under, with one in five … (To read the full article, subscribe below)