ACV Process - What is it for/what can it achieve?

What can the process achieve?

This legal process is helpful for communities aiming to safeguard and retain community assets. It gives community groups a chance, during a set time known as a moratorium, to show interest in buying an Asset of Community Value that is listed on the ACV Register, if it goes up for sale. However, it should be understood that there are restrictions within the process.

What can't the process achieve?

  • It cannot force a business to stay open
  • It cannot outright prevent a change of use to the property (for example, turning a pub to housing, or turning a pub in to an alternative venue) although the ACV listing will add weight when the planning department are considering an application for development or change of use
  • It cannot prevent the sale of a property or land in general
  • It cannot prevent a property from falling into a state of disrepair
  • It cannot prevent the sale of a property or land to a buyer other than a Community Interest Group (CIG) overall

Last updated: 12/06/2024 17:09:23