Assets of community value

Under the Localism Act, we are required to maintain a list of ‘community assets’. They can include either land or buildings. The building or land is likely to be considered an asset of community value if -

  • its actual current use furthers the social wellbeing and interests of the local community, or a use in the recent past has done so
  • the use is not ancillary to another purpose
  • it is realistic to think that there will continue to be a use which furthers the social wellbeing and interests

or

  • for land in community use in the recent past, it is realistic to think that there will be community use within the next 5 years. In either case, whether that use is exactly the same as the present or past
  • it does not fall within one of the exemptions. The exemptions are set out in Schedule 1 to the Assets of Community Value Regulations They include privately owned residential property and land. Although, land can be listed if an otherwise eligible building is partly used as a residence, temporarily unoccupied residences, holiday lets and caravan sites

Social interests are defined in the act as including -

  • cultural
  • recreational
  • sporting

In determining whether a nominated community asset should be listed, we take all relevant matters into consideration.

The current Assets of Community Value can be found in our downloads.