With the introduction of the Community Right to Bid regulations, communities now have the opportunity to ‘stop the clock’ on the sale of valued community assets such as a local pub or shop, for up to six months. This window of opportunity will give communities the time they need to create a business plan and gather the necessary finances to bid for the asset.

Under the legislation, local community groups can nominate properties to be listed as ‘assets of community value’. On receiving the nomination from an eligible group, we will then determine the nomination against our policy.

A property which is successfully accepted as an ‘asset of community value’ will, if being sold with a potential change of use, be subject to a six-week interim moratorium period where only an eligible community interest group can buy the asset. If a community interest group ‘expresses interest’ in buying the asset during this time, a six-month full moratorium period is activated, within which only an eligible community interest group can buy the asset. This will give the community the time they need to put a business plan together and gather the necessary finances to bid.

The owner of the asset does not have to accept an offer from a community interest group, and after the full moratorium period has finished, can sell the asset on the open market to whoever they wish and at whatever price they wish.

For more information on the Community Right to Bid process, please see the Department for Community and Local Government’s non-statutory guidance document at the bottom of the page.

Our local guidance on the Community Right to Bid, the application form which will need to be filled out in order to register an asset of community value together with the registers of assets of community value and unsuccessful nominations are below and will be kept updated as and when new assets are added or applications are rejected. A record is also kept of previous Assets of Community Value which have now been de-listed 5 years after their date of entry in line with the Localism Act.

If you have any questions about the process, please email planningpolicy@portsmouthcc.gov.uk.

Assets of Community Value Nominations

Register of current successful nominations
Site nameSite addressDate of acceptanceNominators
Groundlings Theatre42 Kent Street, Portsea, Portsmouth, Hants PO1 3BS29 November 2021Groundlings Theatre Trust
Manor House PubManor House Public House, 43 Court Lane, Drayton, PO6 2LJ19 January 2024Manor House Committee
Register of unsuccessful nominations
Site name Site addressDate of refusalNominators
St Peters instituteFrasier Road, Southsea, PO5 IEE25 March 2013Pheonix Players
The Eldon Arms11-17 Eldon Street, Southsea, PO5 4BS31 March 2017The Eldon Arms Community Preservation Society
Previous Assets of Community Value now de-listed
Site nameSite addressDate of acceptanceNominators
St James' Cricket GroundSt James' Hospital, Locksway Road, Milton, PO4 8LD 28 May 2022Portsmouth and Southsea Cricket Club
West LodgeLocksway Road, Milton, Portsmouth, Hants PO4 8JW14 August 2022Wind in the Willows Nursery - Portsmouth