Heathrow's £550m compensation offer in expansion bid

Heathrow's bosses are set to lay out revised plans for the airport's proposed expansion which includes an improved compensation plan for those affected by the building of a third runway.

Bosses will allocate £550 million for noise insulation and property compensation to local people.

Heathrow's bosses have put forward new proposals for expansion. Credit: Steve Parsons/PA Wire

Around 750 homes would need to be compulsorily purchased to provide space for the extra runway at the west London airport.

The proposals, which will be submitted to a Whitehall-appointed Airports Commission, will propose compensation of 25% above market value plus stamp duty costs and all legal fees, in relation to purchasing a new home.

The plans also include making those dropping off passengers at Heathrow by car being subject to the congestion charge - once transport improvements are finished.

Read: The world's top 10 airports as voted for by passengers

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Heathrow's compensation pledge to locals in expansion bid

Heathrow's bosses are laying out revised plans for expansion that they will submit to the Whitehall-appointed Airports Commission. The proposal includes £550 million allocated for noise insulation and property compensation to local people.