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Community Right to Bid

Community Right to Bid (also known as 'Assets of Community Value')

Under new community rights, local groups are able to nominate a building or other land for listing as an 'Asset of Community Value'. The Council is required to maintain lists of successful and unsuccessful nominations.

If any land/building that the Council lists as an Asset of Community Value comes up for sale (freehold or a lease of at least 25 years), then community interest groups will have six weeks in which to make a written request to the Council to be treated as a potential bidder. This request allows them to delay the sale by up to six months, providing additional time to raise funds and put together a bid to buy the asset.

These rights do not restrict the sale price or who the owner of a listed asset can sell their property to and they do not give community organisations a right of first refusal.

Current entries on the list Assets of Community Value and unsuccessful nominations are available for download.

How to nominate an asset to be listed by the Council

Before nominating an asset, please check first whether it has previously been nominated.

Only certain groups are able to nominate an asset and there is specific information that needs to be included with any nomination. The Council has therefore produced a Nomination Form - please download the 'Nomination Form' document on the right. Contact details for submission can be found on the form.

For more information about nominating an asset or the implications of an asset being listed as an Asset of Community Value, please see the external links below.

External links

Documents

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