Community asset transfer is the transfer of land or buildings from a public body (usually a local authority) to a community based organisation at less than market value. This is done to achieve a local social, economic or environmental benefit. Across England, public spaces such as parks, libraries and swimming pools have been successfully managed by the community.
Check out the introductory pages and guide by MyCommunity for more information.
The Development Trusts Association also has an extensive guide to asset development for community and social enterprises.
Closer to home, the Vale of Glamorgan Council has a policy, guidance and process for managing CATs that might be useful for a wide variety of community bodies such as voluntary organisations, co–operatives, mutual, social enterprises and Town/Community Councils who may be considering applying for a Community Asset Transfer.