Assets of Community Value
The Community Right to Bid was introduced in the Localism Act 2011. It allows local Councils and other local organisations to nominate buildings or other land for inclusion in the local authority's List of Assets of Community Value if they further the community's well-being or interests either at the time of nomination or in the recent past.
An asset stays on the List for 5 years, and renewal is possible.
If a listed asset comes up for sale, the community will have the opportunity to put in a bid for it. The community does not have a right of first refusal, but by listing an asset they will be given time to try and obtain the asset for the community. The owner does not have to accept the community's bid, even if it is the best offer made. A listing is also a material consideration for planning purposes and can make it difficult for the owner to change the use of the building or land.
In June 2016, the Village Council nominated the two pubs in the village, the Maypole and the Three Crowns, as assets to be placed on the List. They were both placed on the List on the 27th September 2017.
The Three Crowns closed in July 2016 when the long-term tenants left. It re-opened with temporary tenants from September 2016, but closed again in April 2017. The pub is owned by Star Pubs and Bars and following a lengthy period of closure (and delays during the COVID 19 pandemic) the building was renovated between December 2021 and February 2022 and opened with a new licensee in March 2022.