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<p>The High Speed Rail (London – West Midlands) 2017 Act sets out the compensation
arrangements for the compulsory purchase and temporary possession of land and property
on Phase One of the route. The Secretary of State has also introduced a range of statutory
and non-statutory property compensation schemes across the three phases of HS2 to
support people and businesses affected by the programme. In applying all the property
compensation schemes, HS2 Ltd aims to ensure that the compensation arrangements adhere
to the Compensation Code. The Code provides for the payment of fair compensation to
property owners whose land is acquired as part of HS2.</p><p> </p><p> </p><p> </p><p>
</p><p>HS2 Ltd applies the standards set out in the Compensation Code and its own
internal targets for the payment and completion of compensation claims. Their performance
is monitored and overseen by the HS2 Ltd Executive in accordance with the published
HS2 Development Agreement and the HS2 Ltd Framework Document.</p><p> </p><p>However,
as the Prime Minister announced earlier this month, going forwards, there will be
changes to the way HS2 is managed. A Minister will be given the full-time job to oversee
the project and I am clear of the need for the Company to continue to raise its game
in how it treats communities affected by the project along its line of route.</p>
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