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Assets of Community Value Guidance Notes The Loyalism Act 2011 has introduced the Community Right to Bid, which gives eligible organizations such as Town and Parish Councils, and defined community
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To fill out assets of community value, follow these steps:
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Gather information about the community's assets, such as buildings, parks, infrastructure, and natural resources.
03
Assess the current condition and value of each asset.
04
Determine the legal ownership and management of each asset.
05
Document the assets by creating an inventory list.
06
Include details about each asset, such as location, size, condition, and any special features.
07
Assign a monetary value to each asset based on appraisals or market prices.
08
Update the inventory regularly to reflect changes in assets or their value.
09
Use the assets of community value to guide decision-making, prioritize resource allocation, and attract investments.
10
Share the inventory with relevant stakeholders and the community to raise awareness about the community's wealth and potential.
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Regularly review and update asset management strategies to ensure the community's assets are effectively utilized and protected.

Who needs assets of community value?

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Assets of community value are needed by various stakeholders, including:
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- Local government authorities: to plan and manage the development of the community
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- Community organizations: to identify resources for community projects and initiatives
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- Investors: to assess the potential for investment in the community
05
- Researchers and academics: to study and analyze the community's assets and their impact
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- Residents and citizens: to understand the wealth and potential of their community
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- Non-profit organizations: to identify opportunities for collaboration and support
08
- Urban planners: to incorporate assets of community value into city planning and development strategies
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Assets of community value are assets owned by a community or organization that hold significance or importance to the community.
Certain communities or organizations may be required to file assets of community value depending on local regulations or laws.
Assets of community value forms can typically be filled out online or submitted to the appropriate local government office.
The purpose of assets of community value is to identify and protect assets that are important to the community's cultural, historical, or social identity.
Information that may need to be reported on assets of community value can include details about the asset, its significance to the community, and ownership information.
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