The Government has announced a £600 million compensation scheme for homes and businesses affected by the new HS2 rail line that will pass through Buckinghamshire and Oxfordshire.
The Government insists it is one of the most generous packages of its kind. It has been revealed that 532 properties and businesses will be demolished. Residents have already reacted saying the plan is "an insult."
Those living within 60 metres of the line will get the full value of the property and 10 per cent on top - up to £47,000 maximum.
Those between 60-120 metres will be able to get the market rate of their properties or a cash payment of between £30,000 and £100,000 if they decide to stay put.
And for people living 120 and 300 metres from the route there will be compensation payments of between £7,500 and £22,500.
Our Transport Correspondent Mike Pearse has been gauging the public reaction to today's announcement.
The government have published a new and improved range of compensation schemes for those that could be affected by the proposed HS2 rail route.
Having listened to feedback and suggestions, measures for property owners and occupiers along the route have been examined and revised.
The Transport Secretary Patrick McLoughlin said:
– Patrick McLoughlin, Transport Secretary
I completely understand the concerns and anxieties of those living near the line and it is only right that those people are properly looked after.
I believe this package of compensation and assistance will enable us to help people more. But I want to get it absolutely right, so I am asking for further views on some aspects before we finalise the plans.
HS2 will transform many people’s lives for the better, but where its impacts are less positive we will do all we can to provide the right help and assistance.