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.
There are no bidding opportunities at this time.
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.
More information on understanding the Community Right to Bid.
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.
If you would like more information about assets of community value, please email email@example.com.
Updated: 17 August 2021