What are Assets of Community Value (ACV)?
Assets of Community Value (ACV) form a part of the Community Right to Bid.
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Community assets and ownership
My Community brings you the latest tools, tips and ideas to help make your community a brilliant place to live.
The resources in this hub have been designed to help you protect, save, or manage a community space or community asset in your local area.
When we talk about a community asset or space we mean buildings or land which are used for the well-being or social interest of the local community. These may include parks and open green spaces, libraries, cinemas and other cultural spaces, swimming pools and other leisure facilities, community centres, youth centres, nurseries or pubs
Community ownership ensures that local people have control over the buildings and spaces that have significance to them and that these spaces are used in ways that meet the priorities and needs of the local community.
‘Community Asset Transfer’ (CAT) refers specifically to the transfer of a piece of land or building from public ownership to community ownership. In most cases this involves a local authority transferring the ownership of an asset to a community organisation such as a Development Trust, Community Interest Company (CIC) or social enterprise.
The majority of the time CAT will take place at less than market value and the project will be intended to provide social, economic or environmental benefits to the local community.
Although hugely rewarding, the road towards community ownership can be a long and complex. The resources in this hub, including guides, templates, case studies and reports, will provide you with the information and advice you require throughout this process.
Nominating an Asset of Community Value (ACV) and Community Right to Bid
Nominate places and spaces that are important to local people as Assets of Community Value.
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Understanding the Community Right to Bid
Community Right to Bid allows communities to nominate buildings/land as an asset of community value.
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Community Right to Bid: Step 1 - Mapping Community Assets
The first step is about getting organised and identifying opportunities.
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Community Right to Bid: Step 2 - Identifying Assets of Community Value
This step highlights key questions for anyone considering nominating an asset of community value.
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Community Right to Bid: Step 3 - Nominating an asset of community value
The process of nomination and the role played by the local authority.
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Community Right to Bid: Step 4 - Getting ready to bid
This resource helps you to write your business plan and seek the necessary investment.
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Community Right to Bid: Step 5 - Triggering the moratorium
This step covers what happens when an asset of community value is put on the market.
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Community Right to Bid: Step 6 - Bidding for an asset of community value
The key elements that must be in place to bid and different routes to sale.
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Community Right to Bid: Step 7 - Managing the asset
This step looks at implementing your business plan and the key practical issues to consider.
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How to create an online map of community assets
Online maps can be a great way of sharing what’s going on in your community.
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What are Assets of Community Value?
Understand the basics of the process for potential nominators, bidders and owners alike.
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Frequently asked questions about Community Assets
FAQs on Community Asset Transfer, Right to Bid, Assets of Community Value, Transfer of green spaces
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Nomination forms for Assets of Community Value (ACV)
Template forms to nominate an Asset of Community Value.
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Understanding Community Asset Transfer
This guide provides you with a basic understanding of Community Asset Transfer.
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Glossary: Community Asset Transfer
Some commonly used terms used when talking about Community Asset Transfer (CAT).
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Parks and Green Spaces: Community Asset Transfer
The main issues relating to the transfer of parks and green spaces from local authorities.
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An overview of Community Asset Transfer (CAT)
How your community organisation can own or manage buildings, shops, pubs and green spaces.
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Information and advice about Community Asset Transfer (CAT)
Support for groups throughout the Community Asset Transfer process.
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The legal process of Community Asset Transfer (CAT)
This paper to promote good practice in community asset transfer.
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Managing or buying a public asset: Licensing, leasing, or freehold
A high level introduction to the legal options available, and the pros and cons for each.
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What is a Community Buyout?
Find out how community groups can take on an existing business or space.
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What is a Community Buyout and what are the benefits of it?
A community buyout is when a community group takes on an existing business or asset.
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A business plan for community-led housing projects
A business plan will be the definitive guide to your project detailing every stage of development.
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Choosing the right community-led housing model
There are various models for community-led organisations for developing diverse housing initiatives.
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How to manage parks and green spaces
Opportunities and challenges in developing community-led models of parks and green space management.
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Localism Act 2011
The Localism Act is a range of measures to devolve more powers to councils and local communities.
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Understanding the Community Right to Reclaim Land
The Rights gives communities the power to ensure councils use land and underused land effectively.
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Developing a project proposal for community-led buildings
A project plan will set out a schedule of works to deliver the project and identify key milestones.
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Understanding the Community Right to Challenge
The Community Right to Challenge was introduced by the Localism Act 2012.
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What are Community Rights?
Community Rights are a set of powers that give you a greater say over how your community develops.
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