Assets of Community Value

Assets of Community Value Register

An asset of community value is a building which a community group has asked the Council to list as being of value to that community.

This is a new legal right, designed to give communities the opportunity to control the assets and facilities that matter to them.

If an asset is listed, and comes up for sale, community groups could be given a total of six months to put together a bid to buy it.

Notification of the disposal of an Asset of Community Value

The Trawden Arms has been designated as an Asset of Community Value pursuant to the Localism Act 2011. Pendle Council has received notification from the owners of their intention to dispose of the asset.

The asset cannot be disposed of before the 3 June 2021 in order to allow any eligible community group to inform Pendle Borough Council that they intend to bid for the asset.

If an eligible community group wish to bid for the asset, they must inform us in writing of their intention before 15 January 2021. The address to write to is:

Mr N Watson
Planning, Building Control and Licensing Services Manager
Pendle Borough Council
Town Hall
Market Street

Can anyone nominate an asset?

No. Parish councils, community organisations or neighbourhood forums can nominate both privately and publicly owned assets which they feel offer community value.

Contact if you want to check that your community group is able to nominate a building.

What happens once an asset is listed?

Once a building is listed as an asset of community value, the owner cannot just dispose of it. They need to:

  • Tell us that they intend to sell it
  • Wait until the end of a six week period to see if a community group wants to be considered as a bidder
  • Wait until the end of a six month period if a community group does want to be considered as a bidder

Download full guidance on Assets of Community Value, including a nomination form.

Assets of Community Value Register

The Assets of Community Value Register includes all those assets which have been nominated and accepted by the Council.