Community asset transfer process: it’s under way at last

On 13 Aug 2020 Bath & NE Somerset (B&NES) Council, which owns Fairfield House, accepted the expression of interest submitted by Fairfield House Bath CIC June 2019 in taking a long lease on Fairfield House. It’s a crucial step on the long journey to securing the future of HIM’s legacy.



For some time B&NES, Bemsca and the Friends of Fairfield House community association have felt the right way to secure the future of HIM’s legacy is via the Council’s “community asset transfer” process. To embark on that process it was necessary to set up a company (Fairfield House Bath CIC) with which B&NES could enter into such a process. Fairfield House Bath CIC - company # 11901221 was incorporated 23 March 2019.



Now that the expression of interest is accepted, the next steps are for B&NES and the CIC to draft a heads of terms and partnership agreement. The Council then anticipates a lengthy process of working through the business plan with the new CIC before finalising contracts and lease.

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