community groups

The intellectual inspiration for this policy is Phillip Blond, the so-called Red Tory, who first proposed the idea back in July: 'Create a community right to buy. Allow local community groups to register an interest in a local eyesore or decrepit building, whether privately or publicly owned. For a fair market value, such legislation can allow local social enterprises six months to put together a funding package to turn a liability into an asset for a transformative local business.'