15th August 2023
Community Right to Bid
There is new legislation for the Community Right to Bid on Assets of Community Value. This means that communities can ask us to list certain assets as being of value to the community. Find out more about the My Community Rights website and the Legislation website.
What are assets of community value?
Community assets are buildings and pieces of land that are essential to the social foundation of the area. It's not just about protecting historical buildings. It's about preserving the well-being of the community and protecting assets that are well used and loved.
How does the Community Right to Bid work?
If the owner of a listed asset wants to sell it, they must tell us. Then the community will be given 6 months to make a bid for the asset. This gives communities a chance to save much loved shops, pubs, clubs and other facilities. At the end of the 6 month period, the owner is free to sell the asset to whoever they wish and at any price.
Who can nominate an Asset of Community Value?
Details of who can nominate a local asset, what information is needed and what happens after a decision has been made, can be found in our Wokingham Borough Council Community Right to Bid Policy (PDF document.)
Assets of Community Value Register
The current list of Assets of Community Value can be found below. The register contains received nominations, approved nominations and unsuccessful nominations.