Today we finally had the news we’ve been waiting for since October. On 6th December the Save The Dyke Group received official notification from Brighton and Hove City Council that The Dyke has been designated an Asset of Community Value (to read the full decision document, please click to download the PDF)
The good news has also featured on the Morning Advertiser website and in the Brighton Argus. We’re delighted that the hard work that went into the ACV application has paid off, and that this represents a big step forward with the ‘Save the Dyke’ campaign.
What does ACV status mean?
ACV status lasts for five years and can then be renewed. If the Asset of Community Value is put on the market, the owner must notify the Council. The Council will then contact the relevant community group, which has six weeks to decide whether to put in a bid. If they do decide to bid, a six month moratorium (including the initial six week decision period) is triggered, giving the community time to arrange the necessary finances. During this time, the seller cannot conduct a sale with any party other than the community group – but the owner is not obliged to accept the community’s offer.
In addition, an ACV is likely to be an important factor if the owner seeks to re-develop a building for residential use – it can affect the planning process and have a negative impact on the value of the owner’s holdings.
This is a fantastic move forward. Hopefully, this will pave the way for the next step. The game’s not over in terms of getting the pub back but it’s a good morale boost for everyone supporting the campaign.Ian Fardell