Assets of Community Value

The Community Right to Bid is one of the community rights set out in the Localism Act 2011. It is also known as Assets of Community Value. The Assets of Community Value (England) Regulations 2012 came into force on 21 September 2012.

The purpose of the Community Right to Bid provisions is to allow communities time to prepare bids for land and property assessed as being of benefit to the community when those assets come up for disposal.

Local community groups and parish councils are able to nominate privately and publicly owned land and property for inclusion on a list of assets of community value. The list is maintained by Bradford Council, which is also responsible for managing the process for determining whether a nomination of a property as an asset of community value is successful.

Owners of listed land and property are unable to dispose of their property without first notifying the council. This triggers a six week moratorium on disposal during which time local community groups and parish councils are able to express an interest in bidding for the property. If no expressions of interest are received the owner is free to dispose of the property at the end of the six week period. If an expression of interest is received the initial six week moratorium extends to six months to allow community groups and/or parish councils to prepare to bid for the property or to negotiate with the property owner. At the end of the six month period the owner is able to sell the property to whoever they want and by whatever means they wish.

Visit the links below to read guidance about the Community Right to Bid/Assets of Community Value which provides information about which properties can be nominated as Assets of Community Value and who is permitted to make a nomination.

Find out more

Find out more about which properties can be nominated and who can make a nomination.

How to nominate land or property as an asset of community value

Any local group wishing to nominate land or property as an Asset of Community Value should do so by completing and returning the Asset of Community Value Nomination Form below.

List of Assets of Community Value Nominations

View the List of Assets of Community Value.

Community Ownership Fund

The Community Ownership Fund is a £150 million fund over 4 years to support community groups across England, Wales, Scotland and Northern Ireland to take ownership of assets which are at risk of being lost to the community.

Voluntary and community organisations can bid for match funding which may support the purchase and/or renovation costs of community assets.

For further information please visit Community Ownership Fund Prospectus.

Contact us about community assets now