Asset of community value

The Fox public house in Palmers Green became the first ACV in the London Borough of Enfield in 2015.

In England, an asset of community value (ACV) is land or property of importance to a local community which is subject to additional protection from development[1] under the Localism Act 2011.[2] Voluntary and community organisations, parish councils, local neighbourhood planning forums and charities can nominate an asset to be included on their local authority's register of asset of community value.[3]

The initiative is distinct from the community asset transfer procedure, although the two are often conflated.[4]

  1. ^ "Assets of Community Value". Bath and North East Somerset Council. 2015. Retrieved 16 October 2015.
  2. ^ "The Assets of Community Value (England) Regulations 2012". UK Government Legislation. 2015. Retrieved 16 October 2015.
  3. ^ Leeds City Council, Community Right to Bid, accessed on 24 August 2024
  4. ^ "Understanding Community Asset Transfer". MyCommunity. Retrieved 1 December 2023.