Assets of Community Value
Community right to bid
Following the Localism Act 2011 statutory provisions came into effect in 2012. The purpose of the legislation was to allows defined community groups, including Parish Councils, to ask the council to list assets of “Community Value”. In the event that the asset is listed and comes up for sale the legislation allows the community group 6 months to put together a bid to purchase. There is no obligation on the owner to sell to the community group.
Assets of Community Value
|
Date application received |
Asset nominated |
Community nominee |
Reason for listing |
Date of decision of Council |
Notice from owner to dispose (S95(2)) date received |
Interim moratorium end date (6 weeks) |
Full moratorium triggered Yes/No End Date (6 months) |
Date of expiry of listing |
|---|---|---|---|---|---|---|---|---|
| 19/09/2020 | Olympus Theatre Barton Street | Olympus Arts | To protect its heritage status and long term continuing role as an active focal point for the community | 05/11/2020 | 04/11/2025 |
For a list of unsuccessful community nominations download our document (PDF, 295 KB) .
For further information please contact Asset Management on 01452 396849 or email