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Community right to bid for assets of community value

What is the community right to bid

The Community Right to Bid for Assets of Community Value allows voluntary and community organisations to nominate an asset which they consider has benefits for social well-being and social interests.

If the owner of a listed asset wants to sell, they must contact the council, who in turn will notify the nominating community group. The community then has an opportunity to bid for the property/land and has a preference to bid in the first six months of the property going on sale.

The right came into force on the 21 September 2012 under the Localism Act 2011 and will give community and voluntary bodies the opportunity to nominate, bid and take over the running of assets that are considered of value to the local community.

 

Corporate estates

Address: Civic 1, 4th Floor
Civic Centre
Station Road
Harrow
HA1 2XA

Telephone: 020 8424 1081