Community Asset Transfer – Newcastle City Council

• Lead Member Newcastle City Council
• Categories Community Wealth Building

Newcastle City Council’s approach:

• Transfers offered on long leases (25 years+) with peppercorn rent
• Tenants responsible for Repairs & Maintenance
• Transfers to existing tenants (but bids invited for vacant buildings)
• Information about costs and building condition shared at the start
• Independent expert support, including legal advice, made available
• Organisations asked for business cases to assess sustainability and viability
• Capital pot available to facilitate and incentivise transfer
• Support for process from Communities Team, Property and Legal

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