Compulsory purchase and compensation update – 2014

Gary Sams

Journal of Property Investment & Finance, 2014, vol. 32, issue 6, 653-659

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.

Keywords: Compulsory purchase; Compensation provisions; HS2; Phase 1; Homeowner Payment Scheme; Urgent reforms (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jpifpp:v:32:y:2014:i:6:p:653-659

DOI: 10.1108/JPIF-06-2014-0047

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