12 December 2022, etc.venues Monument, London
Business Travel Show Europe, presented by The BTN
21 November, London Hilton Metropole
Heathrow airport has announced plans to extend its property compensation scheme should an additional runway be built at the airport.
In May it announced plans for 25 per cent above “unblighted” market value compensation for 750 homes that would be subject to compulsory purchase.
Following a consultation Heathrow is now proposing to extend this offer to cover home that will be in close proximity to a new runway but will not be compulsorily purchased.
The proposal is in response to feedback at public consultations between July 21 and October 12 this year.
The offer is subject to regulatory approval by the CAA. Approximately 3,750 homeowners’ properties would be eligible for compensation under the revised scheme.
Heathrow’s CEO John Holland-Kaye, said: “Our proposals for expansion at Heathrow have been developed with input from local communities.
“We are committed to treating people fairly. People told us that we should extend our offer to local homeowners living close to the airport, and we have listened.
“Now we want to work with local communities to ensure that local people secure the jobs and growth that expansion at Heathrow will bring,” he added.
A decision on airport expansion for the south east is expected after the general election in May 2014.