About Assets of Community Value
What is the legal basis for the Community Right to Bid?
The Assets of Community Value (England) Regulation was introduced under the Localism Act 2011. The below link provides further details of the legislative requirements:
What does the Assets of Community Value aim to achieve?
The legislation aims to help communities faced with losing local amenities and buildings which are of importance to them. The Government recognises that over the past decade community asset ownership has been growing with over two hundred communities having bought their village shop and many looking to take over their pub to prevent it from closing.
However, it is felt that in many cases communities have lost the use of buildings and land because they were sold privately or without a community group having the time to raise the necessary funds. The Assets of Community Value Regulation 2012 gives communities the opportunity to identify those assets which are of importance and to have time to prepare a proposal in the event that the asset comes up for sale.
Does the Assets of Community Value Regulation 2012 give community groups a right to buy assets within their community?
No, the legislation only stalls the selling process to give suitablly constituted community groups a period of time to prepare a proposal and raise the funds required to put in an offer. The sale takes place under normal market conditions and the owner is under no obligation to sell to the group.
Where can I get advice and help about getting an asset listed or making a bid to purchase an asset that is listed?
Our Resources & Transformation Directorate is responsible for coordinating and managing the Assets of Community Value process and can be contacted at:
Assets of Community Value
Communities & Partnerships
Phone: 01922 653087
Contact us by email
The Council does not provide financial support to assist with the making of bids. However, independent support is available from Locality, a national network of over 700 community-led organisations appointed by the Government to provide advice and help relating to the community rights agenda. Visit the Locality website to learn more.
Other sources of information and support are available from: