The Isle of Gigha was put on the market in 2001 and the community were encouraged to purchase and own the island. Gigha was handed over to the Isle of Gigha Heritage Trust on the 15th March 2002, a day that is marked on the island every year as “Gigha Day”. 

The Trust is managed by a Board of voluntary Directors. They are elected by the membership to develop the assets of the island and take forward plans and projects for the community. There are subsidiary companies in place to generate income to the Trust that helps to continue to develop the island.

The Trust's responsibilities vary across the island, including ownership and management of properties and land, tourism assets, and a wind farm. The Trust works with the community to develop and regenerate the island through a variety projects and initiatives.