Under this Act, voluntary and community organisations can nominate an asset to be included on a list of ‘assets of community value’. We manage and display this list. If an owner wants to sell a listed asset, a six month moratorium period will be triggered, during which the asset cannot be sold. This period gives community groups some time to develop a proposal and raise the required capital to bid for the asset once it comes onto the open market at the end of the moratorium period.
We also manage and publish unsuccessful nominations, summarising why they were unsuccessful.
Before making a nomination:
1. Check your eligibility
First check if your community group is eligible to nominate an asset. You should be eligible if you can answer 'yes' to all of the following:
2. Provide proof of your eligibility
In order for us to determine if your nominatinon is of community value, your application must contain:
Before applying, make sure you have read and followed the criteria as set within the Assets of Community Value Regulations 2012.
Once we receive your nomination, we will send you an acknowledgement of your submission and check that the property satisfies the criteria for acceptance. A review panel will then consider your nomination, after which we will write to advise you of the panel's decision. We will notify you of the panel's decision eight weeks from the time you submit a nomination.
Read more about our procedures on Assets of Community Value Listing procedure (Appendix A)(pdf, 61KB).
View all the assets which have been submitted in the following two tables:
Read more about our procedures if your nomination has been accepted and listed as an asset Procedure following listing (Appendix B)(pdf, 22KB).
With the exception of residential properties, any building or land may be listed as an asset of community value if we determine that the primary current use of the asset 'furthers the social well-being or social interests of the community'.
The asset will be considered to have community value if we determine the following:
For more information, read the Assets of Community Value Regulations 2012.
|Reference number||Nominating organisation||Name of asset||Type of asset||Address of asset||Details of asset 'footprint'||Date added to list||Date owner announced intent to dispose of asset||End date of Interim
|Date Full Moratorium period triggered||Group that triggered Full Moratorium||Full Moratorium Period
|0004||5th Putney Scout Group||The Scout Hut, 5th Putney Sea Scouts||Scout hut||Barn Elms Sports Ground, beyond Beverley Brook Bridge, Thames Tow path, Putney||Scout hut and grounds||26/03/15|
|0005||Teddington Cricket Club Colts||Udney Park Road playing fields, Teddington||Playing fields||Udney Park Road, Teddington||Playing fields with pavilion||31/03/16|
|Reference number||Date nomination received||Nominating organisation||Name of asset||Type of asset||Address of asset||Date asset added to the list||Reasons why nomination was unsuccessful|
|0001||23/05/13||SOS Save our Streets in Little Chelsea||Garages, 29 Charles Street, Barnes||Lock up garages||29 Charles Street, Barnes||17/07/13||
|0002||09/06/14||Ham and Petersham Neighbourhood Forum||19-23 Upper Ham Road (Barclays Bank), Ham||Bank premises||19-23 Upper Ham Road, Ham||04/07/14||
|0003||12/10/14||Friends of Udney Park Playing Fields||Playing Fields at Udney Park Road, Teddington||Playing fields||Udney Park Road, Teddington||12/12/14||
|0006||18/12/15||Richmond and Hounslow Branch of CAMRA||The Rising Sun Public House, 29 High Street, Hampton Hill||Public House||29 High Street, Hampton Hill, TW12 1NB||02/03/16||
If the owner of buildings or land on the list of assets of community value notifies us that they intend to dispose of their asset, then we must share this information with the community and will update the list of assets to indicate the owner’s intention.
Some types of disposal are exempt from the provisions of the Community Right to Bid scheme, but if the scheme applies then a six-week window of opportunity (known as a moratorium period) will be triggered. During this time, the owner cannot dispose of the asset.
If you wish to be treated as a potential bidder for an asset you must be eligible and notify us.
Before requesting to become a bidder:
1. Check your group's eligibility
To be eligible, your group must have a local connection. This means that that your group's activities – and any surplus it makes – must wholly or partly benefit the local authority's area or a neighbouring authority's area.
In addition your group must be either:
2. Check when you can make a request
Once your group expresses an interest in bidding then a longer moratorium period will be triggered, lasting six months from the date when the intention to sell was announced. During this period the owner cannot dispose of the asset so your group can prepare your bid.
You must request to become a bidder before the end of the initial six-week moratorium period, the dates of which are indicated on the list of assets of community value
Updated: 20 April 2016