Assets of Community Value (ACV)
The Localism Act 2011 made provision for community groups to nominate local buildings or land as an Asset of Community Value (ACV). The Assets of Community Value Regulations 2012 provide clarification on procedures for nominating and registering ACV. A building or land in East Herts is of community value if the District Council considers that:
- an actual current use of the building or land (that is not an ancillary use) furthers the social well-being or social interest of the local community, and
- it is realistic to think that there can continue to be a non-ancillary use of the building or land which will further the social well-being or social interests of the local community
Social interests include cultural interests, recreational interests and sporting interests. Social well-being relates to social interaction and engagement - a sense of involvement with other people and the local community. ACVs can include pubs, open spaces, theatres, civic halls and buildings, heritage sites, etc.
If the Council considers that the building or land should be registered as an ACV, it will remain on the Council's Asset of Community Value register for five years.