New legislation empowers grassroots groups to purchase local assets like pubs and libraries within a year if they can secure funding. This extends the previous six-month bidding window, which saw a mere 2% success rate for community ownership. Labour MP Tom Hayes supports the change, emphasizing the importance of preserving community spaces for stability and pride. The law also expands the definition of community assets to include those of economic value and introduces a sports category, eliminating prior requirements for recent community use. Locality’s Tony Armstrong calls it a transformative moment for community-led organizations.
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