Assets of Community Value - Community Right to Bid

Information about Assets of Community Value and what it means to your Community

IN THIS ARTICLE

  • What an Asset of Community Value is
  • Community rights to bid on an Asset and how much time you have
  • The legislation relating to Community Assets
  • Where to find more information

The Council is required to maintain a list of land, buildings or structures in its area that are assets of community value.  

Community groups can nominate land, buildings or structures to the Council as potential assets of community value. 
 
Land, buildings or structures are assets of community value if the main use has recently been to further the social wellbeing or social interests of the local community and the use could continue in the future. 
 
If land or buildings on the list come up for sale in the future then the local community has the option of six months to prepare a bid to buy the asset. It should be noted, however, that the legislation does not restrict who the land can be sold to or at what price. 
 
The relevant legislation is Part 5 Chapter 3 of the Localism Act 2011 (Sections 87 to 108) and The Assets of Community Value (England) Regulations 2012. This legislation came into force on 21 September 2012. 
 
A report to the November 2012 Policy Review and Development Panel set out how the process could operate in Colchester. The Panel made recommendations to Cabinet on the arrangements to be adopted. The report was then considered at Cabinet on 23 January 2013.  Arrangements are now in place, with further information on how to make nominations and how the process will operate available on this web page - see below.

ACV Register 06-02-19

Assets of Community Value - Community Right to Bid

Assets of Community Value nomination form

Assets of Community Value Regulations 2012

Assets removed from register as of 15-01-2019

DCLG community right to bid guidance Oct 2012

List of Unsuccessful Nominations 28 April 2016

Policy Review and Development Panel - 5 November 2012 - Assets of Community Value - Community Right to Bid

Process chart for community nominations 

Process chart for disposal of listed land

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