1. Community Right to Bid
The Community Right to Bid, introduced under the Localism Act 2011, gives voluntary and community groups the chance to bid and take over the running of assets that are deemed to be of value to the local community.
Parish councils, voluntary and community organisations can nominate both privately and publicly owned assets to be included on a list of assets of community value. This list is managed by the council.
- If a landowner wants to sell a property that has been listed as an asset of community value, they will have to tell the council.
- If a community group wants to buy the asset, they can trigger a six-month period when the owner cannot sell their property on the open market. This is to give community groups the chance to prepare a bid for it so they have a better chance of saving much-loved shops, pubs or their local facilities by developing a proposal and raising the required capital.
- At the end of the six-month period, the owner is free to sell the asset to whoever they wish and at any price.
The Royal Borough of Windsor & Maidenhead has welcomed the Community Right to Bid (CTRB) as another way for the council to encourage voluntary activity and support local communities.
You will find more information about the Community Right to Bid and support for organisations hoping to make use of it on the government's Community Rights web site.