Local organisations and groups, including town and parish councils, have an opportunity to nominate a building or parcels of land to be listed as an Asset of Community Value (ACV) to help keep it available for everyone as an important part of community life.
The Localism Act 2011 aims to stop important local assests, such as existing swimming pools, pubs, parks and community centres from being redeveloped for different use like flats or houses.
It works by allowing the sale of an ACV listed building or parcel of land to be delayed so local groups can make a bid for it on the open market – potentially keeping it as is for everyone to enjoy.
Here’s some useful frequently asked question on how the ACV process works.
If you want to nominate a building or parcel of land as an Asset of Community Value, you can read more information on what you need to do and what further information we will need from you in our guidance notes.