Bristol and Bath community asset transfer (CAT) social value and financial savings calculator
Published: April 2019
HACT has been working closely with Bristol and Bath Regional Capital CIC (BBRC), a civic-led, commercially focused organisation, specialising in delivering innovative investment solutions. The ambition of BBRC is to become a significant and commercially sustainable driving force catalyzing regional change.
As a city, Bristol has identified the need to work collaboratively with all partners to make a greater impact for key issues facing the city including the economy, improving health and the environment. This commitment is articulated through the One City Plan which aims to create a more equal, inclusive and sustainable city.
BBRC works with both investors and those seeking loan or other finance. BBRC brokers mutually beneficial projects which provide a financial as well as social return. A key element of BBRC’s work is supporting Community Led Housing (CLH) to provide high quality homes benefiting the local community and the regional economy for the long term.
Affordability is a key issue in Bristol, an area that is second only to London in terms of the lack of affordable housing available relative to income.
Access to land at a discounted rate is crucial issue. To help release land at a discounted rate from local authorities and other socially minded land owners, a Social Value Land transfer model was commissioned by BBRC and was developed during the Autumn 2018 to Winter 2019.
The model was introduced by HACT and BBRC to interested Bristol partner organisations on 29 January 2019. The model has functionality including forecasting and identification of the added social and financial value generated by a CLH/Community Asset transfer approach. This value is presented in a social value monetized figure that can be used to make the case for land transfer from any local authority landowners.
The calculator is designed to provide a summary of the social and economic values associated with different types of development project and community asset transfer. It will provide information to landowners such as local authorities on the relative social and financial produced from different schemes.
The information provided can be used in decision making for deciding the extent of a land value discount per project for development schemes and appraise how Community Asset Transfers can save money.
To obtain a copy of the tool, please provide your name, job title, organisation and email address in the form below.
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Please also note the licensing conditions governing the use of these values, including figures accessed through this calculator.