Types of Asset

The choice of asset (whether land or buildings) at the start of any project obviously makes a difference to the scale and complexity of the job of transforming it, bringing it into community ownership and ensuring that it delivers community benefits into the future.

Asset transfer and development projects have covered the complete spectrum of types of business and kinds of buildings or spaces - so lots of things are possible.

But some assets will not lend themselves to all kinds of uses. Heritage assets for example, that may have special historical or architectural features that cannot be changed, present some challenges to find viable uses. Similarly some kinds of uses will be more expensive to manage and maintain than others. The needs of a warehouse for example in management and maintenance terms will be very different to that of a sports hall or swimming pool. Completely vacant land is also a different proposition to an existing building or a space that already has a function (like a woodland or cricket ground).

It is helpful at the start of any project to get a feel for what is going to be involved in taking it on. This helps define project objectives and provides a good background for the initial assessment of the project's feasibility and viability.

Fortunately there is plenty of experience to draw on for running almost any kind of activity in any kind of building. DTA Scotland can direct you to a similar project where knowledge can be shared and you should not have to ‘reinvent the wheel’. Project champions and project stakeholders will almost always have somewhere to visit and learn from. All project champions should try to visit people who are running an asset or an enterprise similar to their own project.

More information on the legal aspects of acquiring land and buildings can be found in The Law section.