Property Bond Scheme refusal a ‘major blow’, says CLA

09 April 2014

The CLA today (9 April) said the Government’s failure to provide a Property Bond Scheme for those affected by HS2 was a “major blow” for property owners.

The organisation said it was “very disappointing” that the HS2 Property Compensation decision document released today does not address the blight suffered by agricultural and rural businesses, or by owners of let properties.

CLA President Henry Robinson said: “The Government has missed the chance to provide a fair system of compensation for farmers, landowners and rural business owners and the opportunity to restore trust in the process.

“It is good that the Government has finally launched a discretionary compensation scheme after many false starts but it is far too narrow for many of those affected.

“Businesses along the route will still be stifled by blight with little opportunity for fair compensation.”

Mr Robinson said: “The CLA has been campaigning for a bond scheme which encompasses both farmers and those suffering blight of their businesses near the line.

“The Express Purchase scheme announced by the Government today will be welcomed by some property owners who are bogged down by existing blight claims.

“Moreover, we are pleased that Government has taken note of our point that the Exceptional Hardship scheme was too restrictive and removed means testing.

“The cash alternatives in the Voluntary Purchase Area, and the proposed Homeowner Payment Scheme need to be extended to land and business owners. We look forward to seeing the details of these schemes.”