Compulsory purchase and compensation update – 2014

Abstract

Purpose

The purpose of this paper is to summarise and analyse the new compensation provisions brought in by the government for Phase 1 of the HS2 high-speed train line.

Design/methodology/approach

To summarise each of the proposals and provide a critical assessment of each of them.

Findings

For the most part, and the Homeowner Payment Scheme (HPS) is a marked exception, the new HS2 compensation provisions set out a logical approach to reducing the impact of the scheme on the people most directly affected by its blighting affect. There are, however, a number of concerns as to whether there are more urgent reforms that have not been considered.

Research limitations/implications

The proposals were announced in April and in respect of some of them, particularly the HPS, very little information is available as yet.

Practical implications

The paper should provide factual information on a very new set of compensation provisions and a critical appraisal of their value.

Originality/value

As the compensation provisions have been published only recently there will be few other similar commentaries available.

Citation

Sams, G. (2014), "Compulsory purchase and compensation update – 2014", Journal of Property Investment & Finance, Vol. 32 No. 6, pp. 653-659. https://doi.org/10.1108/JPIF-06-2014-0047