Assets of Community Value
The Localism Act 2011 introduced a new Community Right referred to as the Community Right to Bid which allows town and parish councils and defined community groups to ask the Council to list certain assets as being of community value.
The purpose of the Community Right to Bid is to assist local community groups to preserve buildings or land which are of importance to their community's social well-being.
The Right to Bid provision does this through regulating that when a listed asset comes up for sale there is a delay in the sale process. This delay should give an increased chance for the local community to bid to buy the asset.
Nominating an Asset of Community Value
A community nomination can be made by a parish/town council or a voluntary or community body with a local connection. The nomination must include certain information use:
For more information on Assets of Community Value and the Community Right to Bid view:
List of Assets of Community Value
The List of Assets of Community Value contains details of the successful and unsuccessful community asset nominations. For each asset, the List sets out a range of information that is defined in the Assets of Community Value Regulations.