Bidding for assets of community value

Community asset transfer

Local organisations within the voluntary, community and faith sector (VCFS) are often best placed to manage local facilities.

Where facilities in Thurrock are 'assets of community value', we may be able to transfer their ownership or management to a local VCFS organisation.

Assets of community value

An 'asset of community value' in Thurrock can be a building or land:

  • that, in its main current use, furthers the social well-being or social interests of the local community
  • it's realistic to think can continue to further the social well-being or social interests of the local community, whether or not in the same way
  • that has furthered the social well-being or social interests of the local community in the recent past, and it's realistic to think it will do so again during the next 5¬†years

Transfer options

Our community asset transfer policy sets out:

  • how we decide which local facilities could be transferred
  • the processes for a transferring local facilities
  • possible types of transfer

The range of transfer options can vary widely. Typically, communities take over the ownership or management of an asset on either:

  • a management agreement
  • a long lease
  • a short lease
  • a licence to occupy

Community asset transfers are usually at less than market value. The transfer may be at a reduced cost or free of charge. We consider the social, economic and environmental benefits of each transfer when deciding the level of subsidy.

Download our community asset transfer policy for full details, below.

Assets available for transfer

The following are currently available for community asset transfer.

Community assets

Current transfer opportunities:

  • none

We also sometimes offer land and premises for sale or rent.