Options for Community Asset Ownership
Content by
Thousands of community assets – buildings, shops, pubs and green spaces are successfully owned or managed by community organisations across England.
Your community can too by nominating, transferring or taking over their local assets.
You can:
Nominate local assets such as pubs, shops, historical buildings and green spaces by nominating them as Assets of Community Value.
Transfer land or buildings from the local authority to the community with Community Asset Transfer.
Take over management or ownership of land and buildings with the Community Right to Bid.
Nominate local assets of Community Value (ACVs)
Places and spaces that are important to your local community, town halls, swimming pools, pubs, parks, churches, and historical landmarks, can be nominated as Assets of Community Value.
Manage or own local assets
Community Asset Transfer
Assets that are owned by a statutory body (such as a local authority) can be transferred to be managed or owned by a community-based organisation, potentially at less than market value, if it has social, economic or environmental benefits for the community.
Community Right to Bid
When an Asset of Community Value goes up for sale, interested local organisations can use the Community Right to Bid to invoke a moratorium (a ‘pause’ in the sale process) for up to six months, giving the community the opportunity to raise the funds to bid for the asset on the open market.
Read more about nominating Assets of Community Value, Community Right to Bid and Community Asset Transfer in the Assets Hub on My Community.
Create a free account
Create a My Community account today and get our latest resources and tools delivered straight to your inbox.