The Three Compasses – Asset of Community Value?

If you believe The Three Compasses should be registered as an Asset of Community Value, please consider following the link below to register your interest.

​Do You Want a Local Pub? – West Hanningfield Parish Council

But what is a Community Asset?

Community Interest: The asset must have a use that benefits the local community, such as a pub, village shop, library, park, or community hall.
Right to Bid: If the owner decides to sell the asset, the community has up to six months to prepare a bid to purchase it before it can be sold on the open market. However, this does not obligate the owner to sell to the community—they are still free to sell to whomever they choose and at whatever price.
Not a Guarantee: Listing a property as an Asset of Community Value does not stop it from being sold or developed, but it gives the community a chance to save it.
Five-Year Protection: Once listed, the Asset of Community Value status lasts for five years, after which it must be reapplied for if still relevant.
Council Decision: The local authority, in this case, Chelmsford City Council, determines whether an asset qualifies based on its importance to the community’s social interests or well-being. The Parish Council’s role is solely to submit the application if it reflects the will of the community.

Community Assets often offer additional services, such as post offices, shops, cafes, and would also support local suppliers and employment.