Assets of Community Value

Assets of Community Value (ACV) definition

/ˈasɛt/ /ɒv,(ə)v/ /kəˈmjuːnɪti/ /ˈvaljuː/

What does Assets of Community Value mean?

Local community groups can nominate buildings/land for listing as ACVs. When ACVs come up for sale or change ownership, a moratorium on the sale of up to six months can be invoked, giving local groups an opportunity to bid to buy the asset on the open market.

Variances

ACV

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