Section 87(1) of the Localism Act 2011 stipulates that a local authority in England and Wales must maintain a list of land in its area that is land of community value. This list is known as its List of Assets of Community Value.
Section 88(1) of the Localism Act 2011 stipulates that a building or other land in a local authority’s area is land of community value if in the opinion of the authority—
(a) an actual current use of the building or other land that is not an ancillary use furthers the social wellbeing or social interests of the local community, and
(b) it is realistic to think that there can continue to be non-ancillary use of the building or other land which will further (whether or not in the same way) the social wellbeing or social interests of the local community.
Per Section 89(1) of the Localism Act 2011 – land in a local authority’s area which is of community value may be included by a local authority in its list of assets of community value only—
(a) in response to a community nomination, or
(b) where permitted by regulations made by the appropriate authority.
“Community nomination” means a nomination which—
(a) nominates land in the local authority’s area for inclusion in the local authority’s list of assets of community value, and
(B) is made—
(i) by a parish council in respect of land in England in the parish council’s area,
(ii) by a community council in respect of land in Wales in the community council’s area, or
(III) by a person that is a voluntary or community body with a local connection.
