Community Asset Transfer

Welcome to this part of our website where you can find out all you need to know about our Community Asset Transfer loan.

The Government wants to see local authorities and other public bodies transfer under-used buildings to community organisations as a way of improving the amenities and services available to local communities.

We have developed this loan specifically because we realise that the offer of a building at minimal cost is just the start. Importantly, to be able to turn the potential of an empty building into a vibrant community asset, organisations need access to reliable and affordable finance.

Fixed at just 1% above Bank of England Base Rate, the loan is a reliable source of finance from a bank with a long-standing commitment to the social sector.

And because we know that finances can be tough at the start, we can even arrange for the first 24 months of the loan to cover only the interest on the loan.

Interested?

 Independence & Stability

“Taking on ownership of an asset will help third sector organisations to develop a base of independence and sustainability, which will enable them to grow and respond better to the needs of local people.”

Phil Hope, Minister for the Third Sector