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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