Development Trusts

The term Development Trust does not refer to a specific legal structure.  

It can be applied to any group or organisation which:-

  • is owned and managed by the local community

  • has social aims relating to improving the economy, environment and culture of a community

  • generates its own income through enterprise and the ownership of assets.

  • re-invests any profits or trading surplus back into running the organisation or benefiting the community.

  • works in partnership with other organisations (private, public and third sector)

These groups may be incorporated as a company limited by guarantee, a community interest company or an industrial and provident society and some will have charitable status.