Community ownership is a proven, scalable driver of local economic renewal and resilient, connected communities. While political support has never been higher, demand for investment far outstrips supply, with the recent Community Right to Buy Fund touching just the tip of the iceberg.
This landmark research from Locality and Power to Change sets out a detailed roadmap for a new era of community ownership. With the right strategy, investment and support, community ownership can do far more than save at-risk buildings and spaces: it can create inclusive jobs, tackle isolation and strengthen cohesion.
‘Keys to the future: How we build a new era of community ownership’ lays the foundations for local renewal on a national scale.
Key findings
- Community-owned assets already contribute nearly £220m a year to the UK economy, generating around £2.50 in local value for every £1
- Community ownership reduces social isolation, improves health outcomes, strengthens cohesion, and creates inclusive employment
- Community Ownership Fund projects leveraged £2.26 of additional local investment for every £1 of government grant
- Demand far exceeds supply, with the Community Ownership Fund oversubscribed by more than 12 times
- Up to 190,000 assets could fall within scope of the Community Right to Buy, bringing benefits to all corners of the country.
We are calling for coordinated action across government, funders and investors, with the funding and support set out in this report, alongside a National Strategy for Community Ownership, to help catalyse a £1 billion community assets fund and build a new era for community ownership.