Assets of community value

The Localism Act gives community groups a right to bid on land or buildings on an 'assets of community value' list. This is before the landowner can sell it in the open market.

Voluntary and community organisations can nominate land or buildings (an asset) to be added to the list.

Examples of voluntary and community organisations that can make nominations include:

• residents' associations
• sport or other leisure clubs
• charities.

We manage this list at the Royal Borough of Greenwich. Assets of community value can include private or publicly owned assets. 

You can view listed assets, rejected nominations and assets serving notice for disposal. 

What counts as an asset

A building or piece of land is deemed to have community value if:

• it's currently used to further the social wellbeing or social interests of the local community. This includes cultural, recreational or sporting interests
• it's use is the main purpose is to meet the interests of the community
• it will continue to further the social wellbeing or interests of the community

A building or piece of land can also be deemed to have community value if all of the following apply:

• its use has recently furthered the social well-being or social interest of the community
• it is likely that this use, or another, will resume over the next five years

The Localism Act and the Assets of Community Value Regulations govern the law on assets of community value.