Part of the Localism Act allows people to delay the sale of certain buildings that they can prove to be a vital part of community life - or an 'asset of community value'.

To become an asset of community value the building must enhance the social wellbeing of an area. 

Residents looking to identify a building as an asset to their community can apply the Council.

Following receipt of an application the Council has eight weeks to consider the nomination against a number of criteria and consult the owner, before making a decision as to whether it qualifies. 

Following this process the asset will then be placed on a schedule of successful and unsuccessful nominations.

If successfully nominated, the asset will remain on the schedule for five years, after which time the protection will expire.

Assets of Community Value in the Borough 

Only one application to be nominated as an Asset of Community Value has been received in the borough which related to Kingswood House School. The nomination was successful and listed on the 8 October 2021. However, the protected period ended on the 7 October 2026 (five years after listing).  Further information is contained on the Assets of Community Value schedule

Further information on Assets of Community Involvement can be accessed using the links below: Localism Act 2011