The Prince Charles Cinema (PCC) faced potential closure amid pressures from landlords demanding excessive rent and new lease conditions. However, it has now been designated as an asset of community value (ACV), granting it additional protections including a community right of first refusal if sold. Despite this positive development, complications remain, as ACV status does not mandate a sale to community groups. The PCC is still striving for a long-term lease to secure its future, garnering significant community support with a petition surpassing 164,000 signatures.
But it isn't plain sailing for the PCC just yet. Being listed as an ACV does not require the building owner to sell to a community group.
In a statement about the listing, the cinema said: 'Though this recognition is a huge honour, the fight continues to secure a long term lease that will enable us to invest in our future development.'
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