
Organising for ownership
Organising for ownership: how communities can resist asset-stripping
I will never forget the day I met Len Maloney. It was a windy lunchtime, the day before the Budget in March 2017, and Len, a VW mechanic, was outside 10 Downing Street. He had travelled there with other small business owners from East London to deliver a petition with over 10,000 signatures to the government calling for fairer business rates. A planned rate hike loomed over Len’s garage and many other small businesses like his. The traders had come together to fight back in a powerful alliance called the East End Trades Guild, coordinated by a visionary community organiser called Krissie Nicolson. Outside that famous black door, flanked by Meg Hillier MP and then Mayor of Hackney Philip Glanville, Len held up the petition. He wore his regulation blue overalls and a woolly hat to ward off the chill. He was smiling, even though he never thought he’d have to turn up at the gates of power just to keep fixing cars in his railway arch.
His battle was personal – and not just about rates. Len had been told by his landlord, Places for London, the property arm of the publicly owned Transport for London, that the rent on his garage near Haggerston Station was tripling, effectively pricing him out of his neighbourhood. Over the next seven years, the Guild exercised every democratic lever they could to keep Len in his arch. There were more petitions and open letters. They organised meetings with Transport for London and members of the Greater London Assembly. They practised how to win support for small businesses at these meetings using community organising techniques. They mobilised around elections, running voter registration drives, encouraging people to check the position of local candidates on fair rents and security of tenure. Len even recorded a single, a cover of the classic Ben E. King anthem ‘Stand By Me’, that was played on BBC Radio and sung, flash mob style, to try and get the attention of the London Mayor outside City Hall.
So it was clear in their minds, after Places for London proceeded to evict Len in 2024, what was necessary to prevent other businesses from suffering the same fate. It would take more than turning up at the gates of power, relying on the goodwill of politicians who had already shown themselves to be unwilling to stand up to global capital. The Guild would continue to employ every democratic means at their disposal to fight for the plight of small businesses – methods that had won them many gains and staved off evictions several times. But they are looking for new premises. This time, they will own the buildings outright.
The UK is in the middle of a crisis of asset stripping. We normally associate the term with corporate raiders and private equity firms that buy undervalued companies and sell off their assets for profit. But we might just as easily apply it to publicly owned bodies like Places for London or to local councils, which have been selling assets since austerity began under David Cameron and George Osborne in 2011. In some of the UK’s poorest communities, councils have accelerated the sale of community centres, daycare centres for the disabled offices, libraries, sports centres, and swimming pools.
Rather than stop the practice, the Labour government has extended the flexible use of funds acquired through sales, which could historically only be used by councils for new buildings or equipment. At the same time, in 2025 the Labour government upgraded local people’s ‘Right to Bid’ on assets councils put up for sale to a ‘Right to Buy’. That means that when a building registered as an ‘asset of community value’ goes up for sale, whether that is a privately owned pub, a publicly owned railway arch, or a council-owned community centre, local people get 12 months to raise the funds to try and buy it, without competition from other bidders. This was an improvement on the community ‘Right to Bid’, which allowed a moratorium of only six months before a sale – and put communities in competition with private buyers, frequently with deeper pockets. But even these upgraded rights, introduced in a Devolution white paper in 2024, have so far proved ineffective at saving publicly owned places from private sale on the open market. Just 2-3% of assets of community value make their way into community hands.

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