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Assets of Community Value

What is an Asset of Community Value?

This Community Right (sometimes called the Community Right to Buy or Community Right to Bid allows defined community groups, to ask the Council to list certain assets as being of community value. This is designed to give communities more opportunities to take control of the assets and facilities important to them. If an asset is listed and then comes up for sale,  the new right will 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).

Who can nominate?

The following organisations are eligible to nominate assets.

  • Parish Councils
  • Neighbouring Parish Councils
  • Unincorporated groups
  • Neighbourhood forums
  • Community interest groups with a local connection.

How to make a Community Nomination

A decision will be made within 8 weeks of the receipt of a completed nomination form on whether to list the asset. The asset will then be placed on a list of successful and unsuccessful nominations on the Council website.

If you are interested in pursuing the nomination of an asset, please apply in writing to the Council's Chief Executive.

List of Assets

Intentions to Dispose

Assets of Community Value - disposals
Location of nomination Date owner announced intention to dispose

Date interim moratorium will end

Date full moratorium triggered

Community Interest Group that triggered full moratorium Date full moratorium will end End of protected period
Flintham Spinney 30 April 2021 11 June 2021 7 May 2021 Friends of Flintham Spinney 30 October 2021 30 October 2022
The Bulls Head East Leake 30 May 2022 11 July 2022 30 June 2022 East Leake Parish Council 30 November 2022 30 November 2023

Current Live Nominations 

Assets of Community Value - Current Live Nominations
Name of Asset Nominator

Date of Nomination

Date Decision Due
Re-nomination - The Nevile Arms, Kinoulton Kinoulton Parish Council 5 December 2023 5 February 2024 (APPROVED)