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The Community Right to Bid, also known as Assets of Community Value, gives people the chance to bid to buy and take over the running of assets that are of value to the local community.
Certain community and voluntary organisations have the right by law to nominate local land or buildings to be included in a list of assets of community value.
If the owner of a listed asset wants to sell it, they must let us know first. An initial period of six weeks is then given for local community groups to register an interest in making a bid to buy.
If an interest is registered by an eligible voluntary or community body, the asset cannot be sold for six months. This gives time for a proposal to be developed and capital to be raised to bid when the asset comes onto the open market at the end of that period.
Examples could include:
Examples cannot include:
Groups must send us a completed intention to bid form within six weeks of the notice to dispose of the asset.
This intention may only be submitted by a suitably constituted community interest group that can demonstrate its local connection.
CRTB intention to bid form (DOCX, 36.90 KB)
The intention to bid should be submitted in writing together with evidence to support that the bid is being made by a suitably constituted group.
We advise nominators to obtain proof of delivery, either by using recorded receipt postage or by obtaining a receipt for hand-delivered post.
We will pass the intention to bid to the owner of the land, or inform them of the details, as soon as possible after receipt. This will trigger the full six month moratorium period during which the asset cannot be sold.
CRTB nomination form (DOCX) (DOCX, 39.51 KB)
CRTB nomination form (PDF, 87.85 KB)
Nominations must include:
We have eight weeks from receipt of an application to contact your organisation. We will tell you if the asset meets the definition set out in law, or if it falls into one of the excluded categories.
We will contact the nominee with our decisions and reasons, and the details will be published on our list of assets of community value.
If an owner wishes to dispose of an asset that is included in the list of assets of community value and it is not an exempt disposal, they must notify us in writing.
Barking Town Hall, 1 Town Square, Barking IG11 7LU