High Bickington Community Property Trust

A Community Property Trust (CPT) is a new model of community ownership. It is a non-profit making organisation where people in the local community are members of the CPT. Its members come from all walks of life. The CPT holds the freehold and equity in land and property in trust for the community and is charged with making sure the land and property it controls continues to be used to meet housing, employment and community needs, on terms the community can afford. It derives income from the land it controls, usually from rents, which it uses either to repay loans taken out to build homes, workshops and community facilities, or to make provision for new amenities or meet identified needs. It would also look to use its assets to meet the evolving needs of the community by undertaking new initiatives.