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
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.
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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