The Community Right to Bid came into force on 21 September 2012. Community Goups have a legal right to nominate a property that is believed to further the social interests or social wellbeing of the local community. Land or buildings successfully nominated will be held on a list of assets of community value.
When a listed asset is up for sale or change of ownership, community groups have a period of six months to raise funds and prepare a bid to buy the property.
The new right aims to help local communities take control of and keep much-loved sites in community use and part of local life.
In accordance with the Localism Act 2011 and the Community Right to bid the Council maintains the list of assets of community value.
What is an asset of community Value?
A publicly or privately owned building or land can be considered an asset of community value if in the Council's opinion:
There is a time in the recent past - within the last three years - when an actual use of the building or land that was not an ancillary use furthered the social wellbeing or interests of the local community, and
It is realistic to think that there is atime in the next five years when there could be non-ancillary use of the building or land that would further (whether or not in the same way as before) the social wellbeing or social interests of the local community.
Assets of community value could include a village shop, a local pub or a piece of land. However not all of these facilities will be listed on the register if they do not further the communitie's social wellbeing or interest.
What is not an asset of community value?
Certain assets can not be listed as assets of community value, including:
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