Assets of Community Value

The Assets of Community Value (ACV) and Community Right to Bid (CRTB) is a function of the Localism Act 2011 that is administered by local authorities.  It gives community groups the opportunity to nominate land or buildings in their area which they think are of community value, to be included on a list held by the relevant council.

If, once the asset has been listed, the asset is put up for sale, the community will be given the opportunity to purchase it, through Community Right to Bid.

The right does apply to privately held assets as well as those owned by the council. The right does not force the asset owner to sell to any bidding community groups; sales are still controlled by market forces following the moratorium period.

Ultimately, the right is designed to allow community groups time to assemble a bid to preserve an asset that they consider vital to their community.

Full information and Breckland's policy for administering it are available online.

Current notices

NOTICE OF OWNER'S INTENTIONS TO DISPOSE

Community right to Bid - List of Assets of Community Value

Property: The Swan Public House, The Green, Gressenhall, Norfolk, NR20 4DT

Proposal by owner to dispose of property with vacant possession

The above property is included on the Council's List of Assets of Community Value.  The owner of the property has notified the Council of their intention to dispose, with vacant possession, of their interest in the property. Their interest is the freehold interest

A moratorium now applies to the sale of the property to allow Community Interest Groups (as to which see the final paragraph below) to submit a bid for the property.  The following three time periods apply: 

  • initial moratorium period -  the initial moratorium period ends on 3rd November 2020
  • full moratorium period  - the full moratorium period ends on 21st March 2021
  • protected period - the protected period ends on 21st March 2022

Any Community Interest Group wishing to be treated as a bidder for the property must notify the Council in writing at the address shown below no later than the end of the initial moratorium period.  E-mail notification is preferred.  The Council does not require any evidence of the Group's actual intention to bid for the property, nor any evidence that the Group has the necessary funds to make a bid.

The details of any Community Interest Group wishing to be treated as a bidder will be passed to the owner.  The owner will then be prevented from completing the sale of the property to any person, other than a Community Interest Group, for the full moratorium period (unless any exemption applies).  This period enables Community Interest Groups to negotiate with the owner, and to raise the necessary funds to purchase the property for the benefit of the community.

If a sale to a Community Interest Group is not completed during the full moratorium period the owner is free to sell to any person, provided the sale completes with the protected period.

If no Community Interest Groups wish to be treated as a bidder then the owner is free to sell the property to any person during the protected period.

Community Interest Groups

The following are community interest groups:

  • the relevant parish council for any part of the land
  • a charity where the body's activities are wholly or partly concerned with the Council's area or with a neighbouring authority's area or
  • a company limited by guarantee AND which does not distribute any surplus it makes to its members AND where the body's activities are wholly or partly concerned with the Council's area or with a neighbouring authority's area AND where any surplus it makes is wholly or partly applied for the benefit of the Council's area or for the benefit of a neighbouring authority' area or
  • a co-operative or community benefit society AND which does not distribute any surplus it makes to its members AND where the body's activities are wholly or partly concerned with the Council's area or with a neighbouring authority's area AND where any surplus it makes is wholly or partly applied for the benefit of the Council's area or for the benefit of a neighbouring authority' area or
  • a community interest company where the body's activities are wholly or partly concerned with the Council's area or with a neighbouring authority's area.

Date: 23 September 2020

community@breckland.gov.uk

Breckland Council Elizabeth House, Walpole Loke, Dereham, Norfolk NR19 1EE

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Last updated: 01/10/2020 06:59:28