The Community Right to Bid allows community groups and parish councils to nominate buildings or land for listing by the local authority as an asset of community value introduced by the Localism Act 2011.
An asset can be listed if its principal use furthers (or has recently furthered) their community’s social well-being or social interests (which can include cultural, sporting or recreational interests) and is likely to do so in the future. When a listed asset comes to be sold, a moratorium on the sale (of up to six months) may be invoked, providing local community groups with a better chance to raise finance, develop a business and to make a bid to buy the asset on the open market.
A community asset may include:
- Village hall, shop or centre
- Sports centre
- Open space or park
The right covers both private and public assets.
To nominate an asset download and send us the completed nomination form.18039
Once the nomination has been validated, we must follow the statutory procedure as set out in the regulations Opens in a new window. A decision must be made no later than eight weeks from validation on whether to list or not. The Council must maintain and publish a list of successful and unsuccessful nominations.
A list of the successful applications for assets of community value
A list of the unsuccessful applications for assets of community value.
How the right to bid for community assess works in Torbay.
Notice that land has been included in our List of Land of Community Value.
Notice that an owner of land listed in our List of Assets of Community Value intends to enter into relevant disposal.