BACKGROUND TO STOW COMMUNITY LAND TRUST (“STOW CLT”)
It was decided to establish Stow CLT as a not-for-profit charitable Community Benefit Society, meaning that any property it owns will be held in perpetuity for the benefit of the community. This enables local people to develop and manage truly affordable housing which will be rented or purchased at a price that local people can afford and will be below the market rate.
Stow CLT’s mandate is to deliver all-affordable schemes to meet Stow’s specific local community housing needs, and our special status enables us to be granted 'exception site' designations in respect of sites outside the development boundary, which would not otherwise be considered for commercial residential development.
Our special status also unlocks a range of potential Government funding support. Additionally, the Cotswold District Council Planning Department will provide pre-application planning advice free of charge for our TAH schemes and accommodate our degree of influence in tailoring our allocations policy to meet Stow on the Wold’s specific housing needs by prioritising people with local connections and those who play a pivotal role in safeguarding the social and economic wellbeing of Stow.
Further sources of funding and co-operation are also available from Stow Town Council together with access to a wide range of financial and legal advice provided by the National CLT Network.
Stow CLT is now ready for the next stage - to build its first development - but, to achieve this, we need people, development land/premises, funding loans, investments, and gifts.