The Community Right to Bid Assets of Community Value (England) Regulations 2012 is part of the Localism Act (2011) and came into force from 21 September 2012.
Local community and voluntary bodies and parish and town councils are able to identify land and buildings that provide an important service in their community.
These community organisations can nominate these assets for inclusion on a register of assets of community value, which in Cambridge will be maintained by the city council.
Nominated buildings and land are listed on our register of assets of community value.
If an asset on the register comes up for sale, community organisations may have up to six months in which to raise capital and bid to buy the asset, before it can be sold on the open market.
Examples of eligible assets include local shops, pubs, community centres, libraries, playgrounds, swimming pools, and markets.
How to nominate an asset
Community groups have to meet certain criteria and provide supporting evidence to be eligible to nominate an asset. To help, we've created a nomination form.
On submission, your form will be sent to us.
Help and guidance
Our frequently asked questions [PDF, 0.2MB] document provides guidance on how we will administer and process applications.
The information on the following websites may be useful when considering a nomination. It's not and must not be taken as a statement of the law. Owners and community groups should take legal advice when considering their options under the Community Right to Bid scheme.