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St Ives Community Land Trust

Social performance

St Ives Community Land Trust aims to harness the creativity, goodwill and investment of people who love the town, to tackle its multiple social challenges.

St Ives CLT is committed to bringing buildings into, or back into, community ownership as this presents an exciting but culturally sensitive way of delivering local housing needs.

Key Social Performance Indicators (KSPIs)

KSPIs are a measure of how the business is performing on delivering its main social or environmental purpose. Read more

KSPI 1 - Permanently affordable housing

The primary target community of this share offer is people in St Ives who are in need of more affordable homes. Through providing more affordable homes to rent St Ives CLT will serve people who currently find it difficult to rent a decent, affordable home in the area.

In St Ives house prices are higher than the national average but tourist/service sector jobs pay wages more than £8000 pa below the national average. 

A quarter of houses in the St Ives area are holiday properties, remaining empty for large parts of the year. This is higher than the 21% ‘tipping point’ level of holiday development aboce which, research shows, negative socio-economic effects are created, such as under-population of the town in low season and social isolation, especially of the elderly. 

There are presently some 400 requests on the Home Choice Register from people looking for affordable homes in the St Ives postcode area.

The focus of this share offer is to finance the purchase and renovation of the Old Vicarage Flats building in Street an Pol in the centre of St. Ives, providing six affordable homes for rent. The flats will be managed as a community-led housing project by St. Ives CLT which will develop and will set the rent levels and criteria for tenant selection, overseen by democratic governance by its members.

Once acquired the flats will be re-modelled and renovated to a good standard of environmental sustainability, given the age and structural demands of the building. As a result, tenants will enjoy lower energy bills and the project will have contributed to wider environmental improvement. The flats will be available for rental as affordable housing and protected for the benefit of the community through an asset-lock protection in St Ives CLT's Rules.

At the feasibility assessment stage, in order to give confidence on costs, St Ives CLT analysed five potential options for converting the building. The preferred option will create six flats capable of providing ten people with affordable homes. This reduces the local housing requests waiting list by 1.5%.

KSPI 2 - Supporting local community resilience

St Ives CLT looks to support the resilience of the local community through providing affordable rental homes for local people. The organisation also seeks to promote local economic resilience by developing sites for small and medium sized business and industry.

One of the key objectives of the CBS is to protect existing community buildings for community use and increase such provision.

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