Assets of Community Value
The Localism Act 2011 introduced the Assets of Community Value. It enables certain groups to nominate land and buildings (assets) that they believe are important to the social wellbeing of their local community.
Local community and voluntary organisations, neighbourhood forums and parish councils can identify land and buildings which provide an important service in their community. They can nominate these to be placed on a register that we keep. Further details on the types of organisation eligible to make a nomination are defined in Section 89(2)(b) of the Localism Act 2011 and Regulation 5 of the Assets of Community Value Regulations 2012.
Nominating an asset
Apply to register an Asset of Community Value
Use our guides to help you complete the form:
Adding the asset to the list
If the nomination is successful, we will include the asset on our List of Assets of Community Value (PDF, 198 KB).
All decisions can be found on the Officer decisions by selecting a data range and searching by the Reference Number in the list.
Selling the asset
This does not restrict who the owner can sell their land or property to, or at what price. The owner does not have to give the right of first refusal to community organisations - it just gives the organisation time to raise money to buy it.
When items on the List of Assets of Community Value are to be sold, we post a notice of intention to dispose of a community asset. An interested group or groups have up to six months to raise money and bid to buy this, before it is put up for sale on the open market.
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