Assets of Community Value & Right to Bid

Nominate places and spaces in your community that are important to local people as Assets of Community Value and if they come up for sale, your community has the opportunity to bid for them.

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Assets of Community Value

Nominate libraries, community centres, pubs, shops or green spaces that are of value to your community, by registering them as Assets of Community Value with your local authority.

You can then use the Community Right to Bid if this asset ever comes up for sale – the community can have up to six months to raise the funds to bid for it. At the end of the period, the owner may sell it to whoever and at whatever price they choose.

Understanding community assets

Nominating an Asset of Community Value

Assets of Community Value (ACVs) can only be nominated if they are of interest socially (such as for sport, culture or recreational uses) or increase the wellbeing of the community now and into the future.

A community group (such as a society, parish council, neighbourhood forum, not for profit organisation or a group of at least 21 individuals) that is locally connected to the area can nominate an asset to the local authority.

Read more about how to nominate an Asset of Community Value here.

Community Right to Bid

Listed Assets of Community Value stay on your local authority’s list for up to five years.

Pubs that are listed as ACVs require a planning application to change their use or demolish them (the same protection applies pending a decision from the point when the pub is nominated for ACV status). If the pub is listed as an ACV, these requirements will be effective for the duration of the listing..

During this period, if the owner of the listed asset decides to sell they must inform the local authority of their intention to do so. The community then have up to six weeks to express an interest in becoming potential bidders to buy the asset.

Once an expression of interest has been received, a further four and a half month pause in the sale process is triggered. This gives potential bidders a total of six months to raise the funds required to purchase the asset.  At the end of the period, the owner may sell it to whoever and at whatever price they choose.

Our step-by-step guide takes you through the process from nominating Assets of Community Value to bidding for them with the Community Right to Bid.