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]