A package of measures to compensate owner-occupiers affected by the construction of the Phase 1 HS2 route (London to Birmingham) was announced on 16 January 2015 by the Secretary of State. The various schemes are in response to two consultations that started on 9 April 2014 and 30 September 2014.
The package of measures introduced will contain two new alternative cash schemes, which enable owner-occupiers to remain in properties and receive monetary compensation. This will help people and businesses to stay within their local communities rather than being financially induced, through potential compulsory acquisition or blight, to relocate. Owner- occupiers for these purposes will include residential properties, small business units (with an annual rateable value of up to £34,800) and agricultural units.
The amount of compensation available will depend upon the proximity of the property to the proposed route. The table below explains the different compensation schemes available according to proximity. Maps are available at http://www.hs2. org.uk and should be consulted to determine the applicability of the various schemes. None of the cash alternative schemes will apply to parts of the proposed route where the line will be in a bored tunnel.
Click here to view the table