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November 2012

Co-operative ownership for affordable, permanent sites for Gypsies and Travellers Paul Sander-Jackson. November 2012. What is this addressing Long term legal provision of appropriate sites Control of their site by residents Low cost provision involving self build

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November 2012

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  1. Co-operative ownership for affordable, permanent sites for Gypsies and TravellersPaul Sander-Jackson November 2012

  2. What is this addressing • Long term legal provision of appropriate sites • Control of their site by residents • Low cost provision involving self build • Efficient use of scarce financial resources

  3. The components • A dedicated Community Land Trust • Groups registered as co-operatives • A revolving loan fund • Lease and site occupancy agreements • Loan agreements

  4. What is a CLT? • The full name is ‘Community Land Trust’ • Mainly used for affordable housing • There is a legal definition. This says that the • CLT must- • Be owned by its community • Controlled by its community • Not have been set up to profit members • Is permanent

  5. Umbrella Community Land Trust Owns freehold or head lease on land Site Co-operative B Holds long lease from CLT Rents pitches to its members Site Co-operative A Holds long lease from CLT Rents pitches to its members

  6. How the money moves each month Lender £ Co-op CLT

  7. The CLT will eventually hold more than one site ‘in trust’. The CLT will be a source of stability for Co-ops that will have changing membership. The people running the CLT will be representatives of the Co-ops and others (such as Local Authority representatives) who can help with the larger aims of the Co-ops. CLT Co-op site Co-op site Co-op site Co-op site

  8. Practical reasons to be a Co-op It creates a legal body which can- Open a bank account Own assets beyond the timescale of individual member’s requirements Employ/hire people Buy insurance Enables others to do business with the Co-op, not one person

  9. Where we are at in pilot project Somerset G and T Community Land Trust up and running First group registered as a co-op £100k available from Mendip DC for loan fund Details of lease and loan agreements being finalised First land purchase hopefully soon

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