Community Right to Bid

The Community Right to Bid scheme is provided as part of the Localism Act 2011 and the Assets of Community Value Regulations 2012 to give community groups the right to identify buildings or land (known as assets) which are of community value and possibly bid for them.

Bidding opportunity

The owners of First Floor, 67A Holly Road have notified the Council of their intention to enter into a relevant disposal of the asset.

This has triggered the six-week interim moratorium period, during which a community interest group (as defined in the Assets of Community Value (England) Regulations 2012) can notify the Local Authority of their intention to bid for the asset. This will trigger a six-month moratorium period. During these periods, the owner will not be able to sell the asset to anyone other than a community interest group.

More information on understanding the Community Right to Bid. 

How it works

Under this Act, voluntary and community organisations can nominate an asset to be included on a list of ‘assets of community value’. We manage and display this list.

If an owner wants to sell a listed asset, a six month moratorium period will be triggered, during which the asset cannot be sold. This period gives community groups some time to develop a proposal and raise the required capital to bid for the asset once it comes onto the open market at the end of the moratorium period.

Assets of community value

With the exception of residential properties, any building or land may be listed as an asset of community value if we determine that the primary current use of the asset 'furthers the social well-being or social interests of the community'.

The asset will be considered to have community value if we determine the following:

  • The use of the land or building currently, or in the recent past, contributes to the social well-being or cultural, recreational or sporting interests of the local community.
  • This use (as described above) of the asset will continue to further the social well-being or interests of the local community.
  • The use of the building or land must not be deemed ‘ancillary’, i.e. of secondary purpose. This means that the use of the asset to further social well-being or interests of the community must be its principle use.

For more information, read the Assets of Community Value Regulations 2012.

Successful nominations

List of assets of community value (pdf, 510 KB)

Unsuccessful nominations

List of unsuccessful nominations (pdf, 695 KB)

Updated: 30 March 2020