Asset of community value

In England, an asset of community value (ACV) is land or property of importance to a local community which is subject to additional protection from development under the Localism Act 2011. Voluntary and community organisations, parish councils, local neighbourhood planning forums and charities can nominate an asset to be included on their local authority's register of asset of community value.

The initiative is distinct from the community asset transfer procedure, although the two are often conflated.