Dentons

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Steps to listing an asset of community value

By Lucy McDonnell

Increasing numbers of sites are being registered by community groups as assets of community value or ACVs. These range from community pubs to mountains to premiership football grounds — in July, the Lakeland fell Blencathra was listed, and both Anfield and Old Trafford are already ACVs. There have been press reports of buildings or land being listed with the aim of maintaining the current use for the local community, but there is some confusion about what listing as an ACV means for the site and the owner.

ACV listing was meant to be about giving a community a chance to purchase an asset if it was viable to do so. It provides a relatively sensible balance between the interests of land owners and the needs of the community. The Ivy House in Nunhead was one of the first pubs to be nominated as an ACV.  It was purchased by a community group during the moratorium and is now run as a co-operative…

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