An outcome of the Localism Act requireslocal authorities to maintain lists of assets for community value. When an asset is put up for sale, a moratorium of six months must be allowed on the sale, allowing local groups time to put together a bid to take it over for community benefit.
The Act does not give community organisations first refusal when community assets come up for sale, as originally proposed by community groups, but groups will have opportunities to take on the planning system, to take over failing services and to take ownership of significant historic buildings.
In April HTF will be holding a seminar to give help in how to implement Asset Transfer Register you interest
Supporting community asset transfers toolkits