Your Questions Answered - Financial and Asset Commercialisation
Q and A - What Do You Think?
The Localism Act 2011 set out the Government’s intention to see power transferred from Central Government to local authorities and communities.
- the Right to Bid
- the Right to Build
- the Right to Challenge.
Right To Bid
The Community Right to Bid helps communities nominate buildings or land that they consider to be 'assets of community value'.
This gives community organisations the opportunity to bid for these assets if they are put on the open market.
North Norfolk District Council can transfer (often on a long lease basis) local authority buildings to communities at less than the market value of the property in certain circumstances (see our Community Asset Transfer Policy in the sidebar).
However, Right to Bid also extends the rights of communities to nominate and potentially bid for privately held land and premises that are believed to be of community value.
For more information about how this operates please visit My Community website
To nominate a community asset, please use the form below or download the list of nominated assets.