Community Right to Bid - ownership of assets
The new Community Right to Bid is now in force. It aims to keep valued land and buildings in community use by giving local people the chance to bid to buy them, if and when they come onto the market.
You have the opportunity to nominate public and private land and buildings to be part of a register of ‘assets of community value’. If something on this register is offered for sale, the Right is triggered. You will then have up to six months to prepare a bid and compete to buy it.
Community Asset Transfer
Many public bodies are empowered to transfer the ownership of land and buildings to communities for less than their market value. This is commonly known as ‘discounted asset transfer’ or ‘asset transfer’. Read our guide to Understanding Community Asset Transfer. We can offer advice and discuss grants to support you in preparing to develop a business case for asset transfer and seek input from property professionals.
What could the new Right to Bid be used for?
Your community could use the new Community Right to Bid to nominate, then bid for local land and buildings including:
- village shops
- public houses
- former schools
- swimming pools
- a public open space
These might currently be owned by your local authority or another public body, but they could also be owned by a private company or an individual.
Support and advice
Get started and find inspiring stories in the case studies and further support sections of the website. A £16m grants programme has been launched to support community ownership and management of assets.
Still have questions? Please get in touch with our advice service.
And our Asset Transfer Unit is providing further support to communities and councils in progressing asset transfer initiatives.
The new Community Right to Bid will be available in England only.