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Assets of Community Value Protocol Introduction The Loyalism Act 2011 introduces Assets of Community Value (also known as Community Right to Bid). The legislation enables local groups to nominate

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How to fill out assets of community value

01

To fill out assets of community value, follow these steps:

02

Identify the assets: Determine what resources or properties are considered assets of community value.

03

Gather information: Collect all relevant data and documentation regarding these assets.

04

Assess the value: Determine the monetary or social value of each asset.

05

Document assets: Create a comprehensive inventory of the assets, including their description, location, and value.

06

Update regularly: Keep the list of assets up-to-date by reviewing and revising it periodically.

07

Make it accessible: Ensure that the assets of community value are accessible to the community members and relevant stakeholders.

08

Promote awareness: Raise awareness about the assets and their significance in the community.

09

Utilize the assets effectively: Develop strategies and plans to maximize the benefits and utilization of these assets for the community's welfare.

Who needs assets of community value?

01

Assets of community value are needed by various stakeholders, including:

02

- Community organizations: These assets can support the initiatives and programs of community organizations, helping them achieve their goals.

03

- Local government: Assets of community value contribute to the overall development and sustainability of a locality, making them important for local governments.

04

- Residents: Community assets enhance the quality of life for residents, providing essential services, recreational opportunities, and cultural resources.

05

- Businesses: Some community assets can attract businesses, leading to economic growth and job opportunities in the area.

06

- Non-profit organizations: These assets may be valuable for non-profit organizations working towards community development, as they can leverage these resources to fulfill their missions.

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What is assets of community value?

Assets of community value refer to properties or spaces that are considered important to the local community and have been listed as such to protect them from being sold or developed without community input.

Who is required to file assets of community value?

Local authorities or community groups are typically required to file assets of community value.

How to fill out assets of community value?

Assets of community value can usually be filled out through a specific application process provided by the local authority or community group.

What is the purpose of assets of community value?

The purpose of assets of community value is to protect important community spaces from being sold or developed without community involvement or approval.

What information must be reported on assets of community value?

Information typically reported on assets of community value includes the location, description, and significance of the property or space.

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