Community right to bid
Every town, village or neighbourhood is home to buildings or amenities that play a vital role in local life. They might include community centres, libraries, swimming pools, village shops, Post Offices, markets or pubs. Local life would not be the same without them, and if they are closed or sold into private use, it can be a real loss to the community.
In many places across the country, when local amenities have been threatened with sale or closure, community groups have taken them over. In some cases, however, community groups who have attempted to take assets over have faced significant challenges. They often need more time to organise a bid and raise money than the private enterprises bidding against them.
The Localism Act requires local authorities to maintain a list of assets of community value which have been nominated by the local community.
When listed assets come up for sale or change ownership, the Act then gives community groups the time to develop a bid and raise the money to bid to buy the asset when it comes on the open market. This will help local communities keep much loved sites in public use and part of local life.