Assets are venues and meeting spaces used by the local community, such as:
- community centres
- cinemas and theatres
- galleries
- museums
- music venues
- parks
- post office buildings
- pubs
- shops
- sporting and leisure facilities
Some of the ways an asset might be lost include that it:https://www.gov.uk/guidance/community-ownership-fund-round-2-how-to-express-your-interest-in-applying?fbclid=IwAR3UGZQwgjm0Pyx1awfGGCUDwEnoxf1FDAY2Dl-kU1DDV-eH79DbLK-SkQ4
- might be closed
- might be sold
- is being neglected
- is at risk of damage or collapse
- is not being operated in a sustainable way
The asset must offer value to local people. You must be able to run it sustainably for the long term.
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