Community right to bid

Community groups have the right to nominate a building or land for listing by the Council as an ‘asset of community value’. When a listed asset is to be sold, local community groups will have a six month period to raise finance, develop a business plan and make a bid to buy the asset on the open market.

Who can nominate?

The following groups are eligible to nominate an asset to be included on the list:

• Parish and town councils
• Unincorporated groups
• Neighbourhood forums
• Community interest groups with a local connection

What is an asset of community value?

A building or land in West Northamptonshire is an asset of community value if the council considers that "the main use furthers the social wellbeing or social interests of the local community, or has recently done so, and is likely to do so in the future (during the next five years)".

The asset may be owned by anybody, although some categories of assets are excluded from being eligible to be listed.