HS2 'losers' shortchanged by up to £85m a year

Nine Midlands areas would be worse off and could lose millions of pounds a year as a result of the controversial HS2 project, new figures show.

A Freedom of Information request commissioned by the BBC found the areas, including Stoke, Corby and Peterborough, were among 50 nationwide set to lose out.

Several Midlands areas will lose out under HS2
Several Midlands areas will lose out under HS2 Credit: Lynne Cameron/PA

According to the figures, Corby is set to fare the worst with an estimated drop in annual income between £14.8million and £84.4m.

The Stoke and Staffordshire North area could lose between £9m and £78.4m a year, while Peterborough and Kettering are set to lose up to £65.6m and £50.7m respectively.

Herefordshire, Wellingborough, Rutland, Lincolnshire South East, and East Northamptonshire are among the other areas also set to be left worse off by the high-speed rail line.

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Conference on impact of HS2

Transport experts have held a conference in Nottingham today to discuss the business impact of the planned second phase of HS2, which will run through the East Midlands.