Source · Select Committees · Business and Trade Committee
Recommendation 54
54
Effectiveness of community right to buy depends on communities' practical means to act.
Conclusion
Community owned businesses have significant potential to support the renewal of high streets and safeguard valued local assets. The introduction of a community right to buy represents an important step 77 towards empowering local groups to take ownership of assets at risk. However, the effectiveness of this new right will depend on whether communities have the practical means to act when opportunities arise. (Conclusion, Paragraph 189)