Step-by-step

List Assets of Community Value in your community and if they ever come up for sale, take it a step further by giving your community the time needed to raise finance with the Community Right to Bid. Our step-by-step guide will help give you a guide through the process.

Step 1: Mapping community assets

Every community has assets and potential within it – land and buildings, people, skills and networks, funding – but we don’t always recognise what resources we have in our midst. The first step is about getting organised and identifying land and buildings, services and activities…  and opportunities.

Step 1: Mapping community assets

Step 2: Identifying assets of community value

Once you’ve identified assets of community value, you will need to build momentum around listing the asset. How do you reach local people and build support? This step highlights key questions for anyone considering nominating an asset of community value.

Step 2: Identifying assets of community value

Step 3: Nominating an asset of community value

The process of nomination and the role played by the local authority: who can nominate and how will your local authority deal with nominations? In addition you need to consider the criteria, process and exemptions.

Step 3: Nominating an asset of community value

Step 4: Getting ready to bid

For organisations which are considering bidding to buy an asset of community value. This is the point at which you  develop your plans, assess the building and develop a business model. This resource helps you to write your business plan and seek the necessary investment.

Step 4: Getting ready to bid

Step 5: Triggering the moratorium

Triggering the full moratorium to give your organisation the opportunity to submit a bid to buy the asset. This step covers what happens when an asset of community value is put on the market, and how community interest groups can register an interest.

Step 5: Triggering the moratorium

Step 6: Bidding for an asset of community value

This is where things get competitive. You have a limited time in which to finalise your bid and secure the necessary finances. We cover the key elements that must be in place in order to bid and different routes to sale including sale at auction.

Step 6: Bidding for an asset of community value

Step 7: Managing the asset

This is where the hard work really starts! You have bought the asset of community value – now you must run it successfully so that it remains an asset of community value for the long term. This step looks at implementing your business plan and highlights the key practical issues to consider before and/or when you move in.

Step 7: Managing the asset