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Definition: Assets of Community Value

"A local authority must maintain a list of land in its area that is land of community value. The list maintained....by a local authority is to be known as its list of assets of community value."

s87 Localism Act 2011

"...a building or other land in a local authority's area is land of community value if in the opinion of the authority:

(a) an actual current use of the building or other land that is not an ancillary use furthers the social wellbeing or social interests of the local community, and

(b) it is realistic to think that there can continue to be non-ancillary use of the building or other land which will further (whether or not in the same way) the social wellbeing or social interests of the local community"

s88 Localism Act 2011

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