Assets of community value
The Community Right to Bid
The Community Right to Bid gives communities the right to identify a building or other land that they believe to be of importance to their community's social wellbeing. If the asset meets the definition and then comes up for sale, they will be given a fair chance to make a bid to buy it on the open market. See our Public Registers page for a list of our assets of community value.
What is an asset of community value?
A building or other land that is important to the community and helps improve wellbeing - this includes things like swimming pools, libraries, village shops, markets and pubs. Residential properties or land used for transport or infrastructure are not considered community assets.
Who can bid for one of these buildings?
- Parish councils
- Neighbourhood groups
- Charities, limited companies or industrial groups with a local connection
How does the process work?
Community groups nominate a building or piece of land they feel is important. If we agree with the nomination, we will list it as an 'asset of community value'.
The property owner can appeal this decision, firstly to the Council through a listing review and then to a tribunal.
Nothing further will happen until the owner decides to dispose of the building or land - they will also only be allowed to dispose of it after a specific period of time.
During this period, groups can write to express an interest. This bid will trigger a pause in proceedings to allow the group to raise the necessary funds. After this period the owner is free to sell to whomever they choose. If no groups express an interest, the owner can sell the asset.