Social Innovation in the Community Asset Market

社区资产市场的社会创新

• 批准号: ES/Y011090/1
• 负责人: Alan Southern
• 金额: $ 6.53万
• 依托单位: University of Liverpool
• 依托单位国家: 英国
• 项目类别: Research Grant
• 财政年份: 2024
• 资助国家: 英国
• 起止时间: 2024 至 无数据
• 项目状态: 未结题
• 来源: https://gtr.ukri.org/projects?ref=ES%2FY011090%2F1
• 关键词: Social; Innovation; Community; Asset; Market

The community asset 'market' causes problems to the three main stakeholders. First, an insufficient supply to meet the demand for space from social enterprise. Second, anchor institutions committed to asset transfer find the current process inefficient and high risk. This is because many social enterprises have what is regarded as a weak balance sheet history. For the same reason, social investors who are keen on seeking social impact from their investments, are concerned with the means of investing into individual social enterprises. We propose a solution to these problems.We aim to broker asset transfer, significantly reducing the risk of transfer and investment. We will use detailed local knowledge to provide assets of an appropriate size and location, co-designed with social enterprises, ensuring development fits the resources available. The community asset holding company will generate revenue through rental income for assets and services needed by social enterprise, developed on the expertise of the partner Kindred-LCR. We assist the social enterprise in building its balance sheet and ensure the asset as security for future development.Our 2017 research identified two areas that prevented growth in the social enterprise sector in Liverpool City Region. First was the adequate provision of appropriate social finance and second, was the supply of commercial and community space. This research was developed in 2019 and again in 2021 with further insights showing how growth and financial sustainability could be achieved amongst social enterprise. In 2023 we looked specifically at asset ownership and outlined a blueprint for successful community asset transfer. Our research has shown that 53% of social enterprises are in communities defined as the most deprived, including the hardest to reach groups in migrant and BAME communities. We demonstrate that if £32m of assets were made available to city region social enterprises, from the £8bn worth held by anchor institutions in the city region, then up to £100m of extra income and 2,750 additional jobs could be created. By holding the asset, the company will provide a more effective use of currently under-utilised assets, and commensurate generation of significant social impact. The company will negotiate a transfer of assets for below-market, and where possible nominal, values. The company will charge affordable rents (for the new space) to social enterprises and provide business services that closely match their needs. This will ensure rental income is stable and voids are minimised.Demand for property from social enterprises provides a market to enable fixed costs to be spread across multiple properties, revenues to be generated from a range of different property types and tenures, and scope for significant economies of scale to be realised by the company. As a not-for-profit organisation, any surpluses will be reinvested for the benefit of LCR's social enterprises with no distribution of dividends to external shareholders. The company will operate sustainably, while investors providing loans to the company will achieve stable income from a sizeable asset-backed organisation and significant social impact.

社区资产“市场”给三个主要利益相关者带来了问题。首先，供应不足，无法满足社会企业对空间的需求。其次，致力于资产转让的锚定机构发现，目前的流程效率低下，风险较高。这是因为许多社会企业都有被认为是资产负债表薄弱的历史。基于同样的原因，热衷于从投资中寻求社会影响的社会投资者关注的是投资于个别社会企业的方式。我们为这些问题提供解决方案。我们的目标是经纪资产转移，大大降低转移和投资的风险。我们将利用详细的当地知识，提供适当规模和位置的资产，与社会企业共同设计，确保发展适合可用的资源。社区资产控股公司将通过社会企业所需的资产和服务的租金收入产生收入，这些收入是在合作伙伴Kindred-LCR的专业知识基础上开发的。我们协助社会企业建立资产负债表，并确保资产作为未来发展的保障。我们2017年的研究确定了阻碍利物浦城市地区社会企业部门增长的两个领域。首先是提供足够的适当社会资金，其次是商业和社区空间的供应。这项研究于2019年和2021年再次开展，进一步揭示了社会企业如何实现增长和财务可持续性。2023年，我们特别关注资产所有权，并勾勒出成功转移社区资产的蓝图。我们的研究表明，53%的社会企业位于被定义为最贫困的社区，包括移民和黑人、亚裔和少数民族社区中最难接触的群体。我们证明，如果从城市地区锚机构持有的80亿英镑资产中，向城市地区社会企业提供3200万英镑的资产，那么可以创造高达1亿英镑的额外收入和2,750个额外的就业机会。通过持有该资产，公司将更有效地利用目前未充分利用的资产，并产生相应的重大社会影响。该公司将谈判以低于市场的价格转让资产，并在可能的情况下转让名义价值。该公司将向社会企业收取负担得起的租金（新空间），并提供密切匹配其需求的商业服务。社会企业对物业的需求提供了一个市场，使固定成本能够分散在多个物业中，收入将从一系列不同的物业类型和年期中产生，并为公司实现显著的规模经济提供了空间。作为非牟利机构，任何盈余将再投资于利源华润的社会企业，而不会向外部股东派发股息。该公司将可持续经营，而向该公司提供贷款的投资者将从一个规模可观的资产支持组织中获得稳定的收入，并产生重大的社会影响。