England’s ministers have urged communities to list their local pubs as Assets of Community Value (ACV) and emulate the pioneering action of residents of south east London who have purchased their local.
Regulars of the Ivy House pub, Nunhead, had applied to Southwark Council to have the pub listed as an ACV. This grants protection from change of use and gives community groups the right to delay a sale of the asset by six months.
When the pub came up for sale, they bought it under the Community Right to Bid scheme and became the first to take advantage of this government initiative.
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