Introduction
The Localism Act 2011 introduced the 'Community Right to Bid', placing a duty upon local authorities to "maintain a list of land in its area that is land of community value, as nominated by the local community."
If any assets (buildings or land) on this list then come up for sale, the local community has up to six months to prepare a bid to buy the asset."
This Community Right gives local communities more time to assist in buying key assets that are for sale on the open market. However, the Right to Bid does not require the owner to sell to a community group, it only improves the opportunity of this outcome.
This guidance is only a summary and sets out the Council's nomination and assessment process. It should be read alongside the Government's guidance notes.