Assets of community value

The Community Right (sometimes called the "Community Right to Buy" or "Community Right to Bid") allows defined community groups, including parish councils, to ask us to list certain assets as being of "community value". This is designed to give communities more opportunities to take control of assets and facilities important to them. If an asset is listed and then comes up for sale, the new right could give communities that want it a total of 6 months to put together a bid to buy it (including a 6 week cut-off for an initial proposal to be put forward).

Please use the links to view a list of community assets registered in South Northamptonshire as well as unsuccessful nominations.

Documents:

Further information:

A - What is an asset of community value (ACV)
B - Who can nominate an ACV?
C - How to nominate an ACV
D - What happens after a nomination is received?
E - What is the effect of listing the property as an ACV?
F - Assets which cannot be an ACV
G - Exempt disposals
H - Review of decision to include the ACV on the list of assets

A - What is an asset of community value (ACV)

An ACV can be:
1. a building, land or both;
2. owned by anyone (private individuals, local government or the crown etc.).

The only criteria is that the ACV's principal use must further (or have recently done so) the social well being of the community, and must be likely to be able to do so in the future.

B - Who can nominate an ACV?

C - How to nominate an ACV

In order to nominate an ACV the nominating body must complete the online right to bid nomination form and submit it, with all of the information provided as required by the form, to us. Please follow the link below to access the nomination form online.

https://webforms.ictmanagedservices.com/default.aspx/RenderForm/?F.Name=d1XamfVrmLK

D - What happens after a nomination is received?

Following receipt of a valid nomination, we have 8 weeks to consider the nomination and then have the option to either:

We will then notify:

In the event that the nomination is accepted and the property is included on the list of ACVs the owner/occupier has a right to review that decision.

E - What is the effect of listing the property as an ACV?

However:

It is important to be aware that this is a community right to bid and is not a community right to buy.
The vendor of the ACV is free to sell to whomsoever they chose and is under no obligation to sell the ACV to the body making the bid.

F - Assets which cannot be an ACV

G - Exempt disposals

The regulations make it clear that certain disposals of property which are listed as ACVs are exempt from triggering the moratorium period. These exempt disposals include, but are not limited to:

H - Review of decision to include the ACV on the list of assets

If we decide to include the property in the list of assets then there is a statutory right to request a review of that decision.

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