As many of you will no doubt be aware, the previous government set in motion proposals for a high speed rail link (“High Speed 2”) between London and Birmingham. The coalition government has adopted these proposals and the Secretary of State for Transport announced yesterday that an Exceptional Hardship Scheme will be introduced and open to applications from 20 August 2010.
The scheme seeks to redress the detrimental impact on property prices for those in the vicinity of the currently favoured proposed high speed route. It will provide assistance to owner-occupiers of such properties who need to move urgently and before a decision is made on the final rail route, but find their house price is lowered by the threat of having a high speed rail line nearby. These people will be able to apply to have their property purchased by the Secretary of State for Transport for an “unblighted” price.
The announcement must be a relief to those affected by the proposed route, especially as the government has extended the scope of the scheme following a period of public consultation from that which was original proposed. As well as those affected in residential properties, the scheme now also includes owner-occupiers in certain commercial properties, agricultural property, those who inherit a property, and people who’s property is repossessed and needs to be urgently sold.
We can certainly expect there to be many further rounds of public consultation on the high speed rail proposals – at the moment, it appears the government intends to kick these off in early 2011.
More information is available on the Department of Transport’s website.