Assets of Community Value
What is this?
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’s website.
If you are interested in pursuing the nomination of an asset, please apply in writing to the Council’s Chief Executive.
- Procedure for Administering Assets of Community Value
- Assets of Community Value nomination form (Word)
List of Assets
Current live nominations
|Location of nomination||Date of nomination||Decision to be made by|
|Nottingham and Union Rowing Club, Trent Side, NG2 5FA||15 January 2019||12 March 2019|
|Location of nomination||Date of re-nomination||Decision to be made by|
Owners intention to dispose
|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|
|The Chestnut Inn, Radcliffe on Trent||18 December 2018||29 January 2019||Not triggered||18 June 2020|
|Ruddington Youth and Community Centre||07 January 2019||18 February 2019||10 January 2019||Ruddington Parish Council||7 July 2019||7 July 2020|