Assets of community value

As part of the Localism Act local authorities are required to maintain a list of assets of community value which have been nominated by the local community. 

A building or land is an asset of community value if its main use is to further the social wellbeing or interests of a local community for example a local village shop, community centre or playing fields. 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. 

The asset will remain on the register for five years or until the property is sold. 

A parish council or community organisation may nominate asset by completing a nomination form and returning it to sslegalservices@sstaffs.gov.uk