Member

I turn now to the Schedule 29 stand part notice from the noble Baroness, Lady Coffey. The existing regime introduced by the Localism Act is insufficient to empower communities to protect their valued local assets. Since 2012, we have seen only 15 in every 1,000 listed assets come into community ownership. Schedule 29 will strengthen the current scheme and introduce a new community right to buy. This will put control back into the hands of communities, giving them real power to take ownership of cherished local assets and protect them for future community use.