What is an Asset of Community Value?
An Asset of Community Value (ACV) is land or buildings nominated by a Town or Parish Council or certain local voluntary or community groups and which the Council decides meets the requirements to be listed as an asset of community value. Listing as an ACV gives the local community an opportunity to make a bid for the asset when it comes up for sale.
To qualify as an ACV the actual current (or recent past) use of the nominated land or building must further the social wellbeing or social interests of the local community. It must also be realistic to think that there can continue to be non-ancillary use of the land or building that will further the social wellbeing or social interests of the local community.
Assets of Community Value might include:
- village shops
- public houses
- community centres
- playing fields
What is the implication of listing as an Asset of Community Value
Once listed as an Asset of Community Value, the local community will be informed if they are put up for sale within the five-year listing period. If they express a wish to do so, local community interest groups then have the chance to ‘pause’ the sale for a period of 6 months so they can prepare to bid for it, known as the Community Right to Bid.
The property cannot be sold within this 6-month period, but at the end of this time the owner still has the right to sell to whomever they choose.
Who can nominate?
Community organisations which have a local connection and whose activities are concerned with the local area can nominate assets to be listed, including:
- parish and town councils
- neighbourhood forums
- unconstituted community groups with at least 21 local members [members must appear on the Hart electoral roll and address details will be required]
How to nominate land or buildings as an ACV
If you would like to nominate a building or land, please fill in our online form.
Nomination forms must be completed with sufficient evidence to support the application. This should include:
- A description of the land or building nominated for listing, including a Plan and a copy of the land registry entry.
- Information about the owners and/or occupiers of the land or building.
- Information about how the nominated asset furthers the social well-being/interests of the local community and plans for future activities.
- If the asset is no longer in use, when it was last in use and what plans there are to bring into use as an asset that furthers social well-being/interests.
When we receive a nomination, we will consult with relevant owners and occupiers for their comments. Owners of these assets have the right to appeal a decision to list their property as an ACV.
What happens when an asset is nominated?
The asset will then be placed on a register of successful and unsuccessful nominations on the Council’s website. The asset will remain on the list for 5 years, after which the listing will expire, unless a new nomination is made.
If the owner wishes to sell the asset during this period, they must advise us, and we will then inform the relevant community groups.
If something on this register is offered for sale, a Community Group can express an interest in making a bid. That Group will then have up to six months to prepare a bid. However, there is no obligation upon the owner to accept that bid.
Register of Assets of Community Value
The current list of Assets of Community Assets in the district can be found at Register of Assets of Community Value.
For further information on who can nominate assets and on the criteria for an asset to be successfully nominated, please read the guide to Understanding the Community Right to Bid at Understanding the Community Right to Bid.