Community Value Asset - Jubilee Walk, Shepshed

We are aware of the concerns being raised by residents about Jubilee Walk in Shepshed.

The Council owns a section of the land which Jubilee Walk crosses. The other section is owned by a private landowner.

On December 5 2022, Charnwood Borough Council accepted the nomination of this land as an Asset of Community Value following an application by Shepshed Town Council under the provisions of the Localism Act of 2011. The nomination was accepted on the basis that the use of the land furthers the social wellbeing and interests of the local community. 

Acceptance of this nomination gave the town council six weeks to confirm whether it intended to make a bid to purchase the land. This intention has been confirmed and Shepshed Town Council is now the principal bidder for the land.

As there is a principal bidder, the owner cannot sell the land during a six month moratorium period which will end on June 5 2023.

After this date, the landowner is free to sell to whomever they choose and at whatever price, and no further moratorium will apply for the remainder of a protected period lasting until June 5 2024. The current landowners have a right of appeal to the listing.

The process and lengths of the moratorium periods are contained in section 95 of the Localism Act 2011.

For more information about Assets of Community Value, please visit the community right to bid web page. 

The outcome of any appeal or bids will be published on the Charnwood Borough Council website.