Who can bid?
Only community interest groups that meet the Government's criteria can bid; not all groups that are eligible to nominate are also eligible to bid.
Community interest groups should have a local connection with the asset and be one or more of the following: a parish council, a registered charity, a community interest company, a company limited by guarantee or an industrial and provident society.
Full details of the eligibility criteria can be found in the Council's guidance notes for voluntary and community groups interested in nominating assets of community value (pdf, 117k) and in the Act and the Regulations.
If more than one community interest group is interested in purchasing the property, the Council encourage the groups to work together.
How do community groups bid?
Within six weeks from the council notifying the community that an owner wishes to sell their listed property, an eligible community interest group would need to let the Council know in writing that it wishes to bid. This then opens a six month period (from the day the owner notified the council) in which to prepare a bid; this is known as the moratorium period.
The Council will acknowledge the request to bid and will notify the owner that the moratorium has been triggered.
The status of the listed asset on the list will be changed to reflect that it is for sale and that the moratorium has been triggered.
Funded by the Department for Communities, Locality is a leading network for community-led organisations, bringing together all strands of the partner organisations involved in the Community Rights support service. They have created a web site called My Community Rights.