Assets of Community Value
The Localism Act 2011 has introduced the Community Right to Bid, which gives eligible organisations such as Town and Parish Councils, and defined community groups the opportunity to nominate (an) asset(s) (building or land) they believe to be important to their community well-being, to be listed by the Local Authority as an Asset of Community Value.
When a listed asset comes up for sale, the Assets of Community Value Regulations provide for a delay in the sale process (moratorium). The moratorium allows local community groups to prepare and make a bid for the asset on the open market.
This aims to ensure that buildings and amenities can be kept in public use and remain an integral part of community life where possible, and thus reduce the trend in recent years of communities losing local amenities and buildings of importance to them.
The Regulations do not give the community group any other rights, other than to delay the sale so they can prepare a bid.
To be considered as an asset of community value, the asset must show that:
- current use of the asset furthers the social wellbeing or social interests of the local community
And that it is realistic to think that the:
- future use of the asset will further the social wellbeing of the community
The Act excludes:
- the listing of assets which might have a community value in the future, but which have not been used for that purpose for a long time – e.g. an area of derelict land that has been unused for some years. Assets are only able to be listed by virtue of their present or recent use, not just by planned future uses
- the listing of assets which are occasionally used for the social benefit of a local community, but which are not primarily used for this purpose – e.g. a space used for an annual village fete.
Nominating an Asset of Community Value
You can nominate an asset to be considered as an asset of community value using the nomination form or by clicking here. Please complete the form and send it with your supporting evidence to:
Assets of Community Value,
Policy and Partnerships (see address in Contact section of this page)
Data Protection and Freedom of Information
We will process the information provided in accordance with the Data Protection Act for the purposes of administering the Community Right to Bid procedure established under the Localism Act 2011. Name and contact details provided will be shared with the owner of the asset in the event that the nominating organisation subsequently submits an intention to bid.
The information provided will be subject to the Freedom of Information Act, but personal information (names and contact details) will not be released in response to Freedom of Information Requests.
If your nominated asset is successfully listed on the register it will not be treated as a 'material consideration' by South Oxfordshire District Council in relation to the formal planning process.
For more information and guidance please click on:
Frequently Asked Questions
Assets of Community Value List
Last reviewed: 30 - 03 - 2017