Social Innovation in the Community Asset Market

社区资产“市场”给三个主要利益相关者带来了问题。第一，供给不足以满足社会企业对空间的需求。第二，致力于资产转移的锚定机构发现，目前的流程效率低下，风险高。这是因为许多社会企业的资产负债表历史被认为是薄弱的。出于同样的原因，热衷于从其投资中寻求社会影响的社会投资者也关注投资于个别社会企业的手段。我们提出了一个解决这些问题的办法。我们的目标是经纪资产转让，大大降低转让和投资的风险。我们将利用对当地的详细了解，提供适当规模和地点的资产，并与社会企业共同设计，确保发展符合现有资源。社区资产控股公司将根据合作伙伴Kindred-LCR的专业知识，通过社会企业所需的资产和服务的租金收入来产生收入。我们协助社会企业建立资产负债表，确保资产为未来发展提供保障。我们2017年的研究确定了两个阻碍利物浦城市地区社会企业部门增长的领域。第一是提供适当的社会资金，第二是提供商业和社区空间。这项研究分别于2019年和2021年进行，进一步揭示了社会企业如何实现增长和财务可持续性。在2023年，我们专门研究了资产所有权，并概述了成功的社区资产转移蓝图。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BAME社区中最难接触的群体。我们证明，如果从城市地区锚定机构持有的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，那么就可以创造多达1亿英镑的额外收入和2750个额外就业岗位。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。该公司将协商以低于市场的价格转让资产，并在可能的情况下以名义价值转让。该公司将向社会企业收取可承受的租金（新空间），并提供密切符合其需求的商业服务。这将确保租金收入稳定，并将空置率降至最低。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上，从一系列不同的物业类型和所有权中产生收入，并为公司实现重大的规模经济提供了空间。作为一个非牟利机构，盈余将会重新投资于社融的社会企业，而不会向外部股东派发股息。公司将可持续经营，而向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和显著的社会影响中获得稳定的收入。

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.