Community value

The recognized importance of a place or asset to the local community, often protected by specific legal designations. The worth or benefit a place or service provides to the local community. The worth or importance of something to a local community. The benefit or worth that a particular asset or development brings to the local community. The positive contributions a venue makes to the local community, such as social interaction and cultural offerings. The benefit a business or service provides to the local community. The social, economic, and environmental contributions of businesses to the community, which is a factor in the Retail Rent Support Scheme. The importance or worth of something to the people who live in a particular area or share a common interest.