1. Assets of Community Value
2 June 2014
Yvonne Cutler-Greaves

2. Localism Act 2011 Community Right to Nominate
opportunity to nominate an asset (building/land)
listed by the local authority as an Asset of Community Value

3. What does it mean to you
Should a listed asset come up for disposal it provides:
Six month delay in the disposal process (moratorium)
to allow the nominating/community group time
to prepare a proposal
to raise funds to purchase the asset at market value

4. Key facts
there is no obligation for the nominating/community group to make a bid
the owner is under no obligation to sell to the nominating/community group
the owner can sell to the nominating/community group within the six month moratorium period

5. Assets defined The Act defines an eligible asset in terms of:
Purpose – use in the past present and future not the nature, historical or architectural merit
Location – within the local planning authority area
Ownership – all ownership whether private or public, single or multiple owners

6. Community value
Furthers the Social wellbeing, cultural, recreational or sporting interests of the local community
currently
previously
potentially in future

7. Types of assets Could include: Parks and open green spaces
Sports and leisure centres
Libraries
Community centres
Town, civic and guild halls
Pubs
Village shops
Public toilets

8. Who can nominate Must demonstrate local connection
Town and Parish Councils
unincorporated bodies with at least 21 local members
community interest companies
charities

9. The process
nomination – nomination form
validation and decision- eight weeks
inclusion on the Asset of Community Value List for five years

10. Disposal interim moratorium – 6 weeks Decision to bid:
decision to bid/not to bid
Decision to bid:
moratorium – 6 months
the owner is not allowed to sell the asset during this period
the community group have time to raise the funds to purchase the asset

11. Review and Appeal Review
the owner has the right to request a review against the listing decision
review must take place within – eight weeks
Appeal
the owner has the right to appeal against the review decision to the First Tier Tribunal

12. Find out more South Oxfordshire District Council
Vale of Whitehorse District Council

13. Questions
Questions

14. Thank you For more information Yvonne.cutlergreaves
@southandvale.gov.uk