HS2 in Hansard 23/01/2013

High Speed 2 Railway Line

Michael Fabricant: To ask the Secretary of State for

Transportwhat consideration he has given to the provision

of a property bond to offer security to property owners

along the route of High Speed 2; and if he will make a

statement. [138687]

Mr Simon Burns: The Property Bond (also known as

the bond-based property purchase scheme)was considered

before, during and after the national 2011 High Speed

Rail consultation. TheGovernment came to the conclusion

that it was not an appropriate policy because it would

impose an additional burden on the taxpayer and might

have run the risk of exacerbating blight (the very problem

it seeks to address) if it led to the Government owning

so many properties along the line of route that it

unsettled the balance of communities and significantly

lowered home-ownership.

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