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ARTICLE · 23 SEPTEMBER 2013

High Speed 2: The Proposed Property Compensation Scheme

Nabarro LLP
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On 12 September 2013 the Government announced the latest consultation on the proposed compensation scheme for properties affected by the High Speed 2 rail network.

United KingdomReal Estate and Construction
Christopher Stanwell
Christopher Stanwell
Tim Stansfeld
Tim Stansfeld
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Summary and implications

On 12 September 2013 the Government announced the latest consultation on the proposed compensation scheme for properties affected by the High Speed 2 rail network (HS2).

The proposed scheme is made up of a package of compensation measures for properties inside the safeguarded area and also includes allowances for properties in rural areas which are not safeguarded but are located close to the new network. The proposed scheme will be of interest to both landowners and developers affected by HS2. However, the proposals do not include any further measures for large businesses or commercial developers beyond that set out in the compensation code.

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