The Assets of Community Value (England) Regulations implement the Assets of Community Value scheme set out in part 5 of the Localism Act 2011.
The provisions give local groups a right to nominate land or property to be listed as assets of community value if the principal use of the asset furthers their community's social well-being or social interests and is likely to do so in the future.
If the asset is listed the provisions have the effect of allowing specific community groups a fairer chance to mobilise themselves to bid for it should the owner wish to dispose of it. However, it is a right to bid and not a right to buy.
Who can nominate an asset?
The voluntary or community bodies which may make community nominations are defined in the regulations as:
What counts as an asset of community value?
Section 88 of the Localism Act states that the asset will be considered to be one of community value if all of the following apply:
How is a nomination made?
A nomination has to include specific information. To ensure that you comply with the regulations, please use the nomination form in the 'Related downloads' below.
Nomination forms can be returned to:
Head of Property
Sunderland City Council
Or by email to: ACV@sunderland.gov.uk
Download a form for
You can view the
Find out further information on The Assets of Community Value (England) Regulations 2012