A CLT can protect an asset, including housing, employment, education or green space for future generations in perpetuity because it is held in ‘trust’. CLT’s are legally defined enterprises run by local people who are accountable to their community.
A CLT is open to anyone who lives or works in the community in which the CLT is being set up. Each member would pay £1 and have a say in how the CLT and its assets are delivered. From this membership, a Board of Trustees is set up through a democratic vote, one vote per member. Board members should be over 18 years old.
No, but a board would benefit from a variety of skilled local people such as district councilors, parish councilors, community members, land owners and professionals like town planners, accountants or solicitors.
Further support is available by contacting our Community Led Housing team.
Schemes across the UK, Europe and the USA have delivered new homes in keeping with local incomes, business enterprises, space for work, education and food production.
CLTs must be legally incorporated to hold the asset in trust. The form it takes depends on the objectives the group wishes the CLT to deliver. This can be done by registering the CLT as either:
Further details can be found on the National Community Land Trust Network website but all emerging CLTs should seek independent legal advice.
Community Led Housing Fund
The council was awarded £2.2m from this fund in December 2016. Not all the funding has been allocated. We would be pleased to support eligible emerging community led housing groups. Please contact our Community Led Housing team for more details.
The National Community Land Trust Network website offer three different types of finance that can help you achieve your objectives:
This fund provides up to 3 days worth of professional support and advice to scope out the project and access its feasibility.
CLT Social Investment Fund
Provides loans of up to £50,000 to get schemes to planning permission.
CLT Social Investment Fund (getting to completion stage)
This fund provides loans of up to £350,000 for development. This fund is designed to help you attract further funding from high street lenders. The loan is repayable once homes are sold or the loan is re-financed for rented homes.