Get the free Asset of Community Value - Nomination Form

Asset of Community Value Nomination Form PLEASE REFER TO THE GUIDANCE BEFORE COMPLETING THIS FORM Should you require assistance, please email landcharges@burnley.gov.ukSection 1About the asset to

How to fill out asset of community value

How to fill out asset of community value

1. Gather all the necessary information about the community assets, such as property, infrastructure, and facilities.
2. Assess the value of each asset by considering factors like market value, depreciation, and potential income generation.
3. Categorize the assets based on their nature and purpose, such as land, buildings, equipment, or intellectual property.
4. Create a detailed inventory of the assets, including their descriptions, locations, condition, and any associated documentation.
5. Determine the community's ownership or control over the assets and any legal or regulatory requirements that need to be fulfilled.
6. Assign a unique identification number or code to each asset for easy tracking and reference.
7. Regularly update the asset list to account for any changes, such as acquisitions, disposals, or damages.
8. Use appropriate software or tools to streamline the asset management process and ensure accuracy and efficiency.
9. Establish a system for monitoring and maintaining the assets to maximize their value and longevity.
10. Train relevant stakeholders on how to access and utilize the asset of community value information for decision-making and planning purposes.

Who needs asset of community value?

1. Asset of community value can be beneficial for various stakeholders, including:
2. - Local government bodies and municipalities to assess the overall value and potential of community assets.
3. - Community development organizations and nonprofits to plan and allocate resources effectively.
4. - Real estate developers and investors to identify potential investment opportunities and make informed decisions.
5. - Researchers and analysts studying community development, urban planning, or asset-based approaches.
6. - Community members and residents to understand and advocate for the preservation and improvement of vital assets.
7. - Financial institutions and lenders to evaluate collateral and assess community viability for loans or funding.
8. - Government agencies responsible for infrastructure planning, maintenance, and development.
9. - Legal entities involved in property transfers, land use applications, or regulatory compliance.
10. - Tourism and hospitality industry stakeholders to promote and enhance community assets for attracting visitors.
11. - Social enterprises and businesses interested in collaborating with the community or leveraging its assets for mutual benefits.

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What is asset of community value?

An asset of community value is a property or land that is of significant community benefit, recognized under the Localism Act 2011 in the UK. It can include pubs, community centers, and other facilities that contribute to the social well-being of a community.

Who is required to file asset of community value?

The local authority is required to maintain a list of assets of community value. Community groups and local residents can nominate a property or land to be added to this list.

How to fill out asset of community value?

To fill out an asset of community value nomination, you need to complete a form provided by the local authority, including details about the property, its significance to the community, and the community group making the nomination.

What is the purpose of asset of community value?

The purpose of an asset of community value is to give communities a chance to bid for and acquire important local properties when they are put up for sale, ensuring that crucial community resources are preserved.

What information must be reported on asset of community value?

Information that must be reported includes the property’s location, a description of how it is used, details about the community group nominating it, and why it is considered an asset of community value.