About Wessex Community Assets
Wessex Community Assets (WCA) is part of the Wessex Reinvestment Trust group of not-for-profit organisations. Its overall aim is to help communities to become more resilient through access to land and finance.
WCA has evolved to become an organisation supporting communities to establish Community Land Trusts (CLTs) through the Wessex CLT Project; carrying out research in the sector; supporting communities to select the most appropriate legal form (specialising in community benefit societies); and advising on raising finance through issuing community shares for projects with social benefit. WCA is itself a community benefit society.
Our key achievements
- Between 2006 and 2008 Wessex Community Assets carried out action research into the development and testing of new financial mechanisms for community asset investment. The result was the creation and testing of a model Community Benefit Society which is now used as standard by Community Land Trusts in Somerset, Dorset and Devon as a governing document, and more widely by community led projects nationally.
- As a result of this work WCA played a key role in the upsurge in interest in community shares as a mechanism for raising finance locally, and participated in the expert reference panel leading to the establishment of the Community Shares Unit.
- WCA has worked with the Community Shares Unit on two research projects since its establishment, the first was market research into community investors and the second an investigation into the relationship between CLTs and community shares
Our board members
A Registered Society under the Co-operative and Community Benefit Societies Act 2004 Registered number 30175R
Registered address: Heatherton Park Studios, Bradford-on-Tone, Taunton, Somerset TA4 1EU.R