Yes, The Dyke Pub is officially an Asset of Community Value. But what does that actually mean? Here’s the second in a series of Mythbusters to explain the facts…
Getting the ACV means we have saved the Dyke Pub
Getting The Dyke listed as an Asset of Community Value is just the first step towards protecting the pub from redevelopment.
The ACV means that, if the property was up for sale, we would have a short time to express interest in buying and 6 months to raise funds. During this period the property can only be sold to a community group. The owner isn’t obliged to accept our offer.’