38
HS2 Ltd spent £592 million on land for cancelled Phase 2 route
Conclusion
Up to the end of March 2024, HS2 Ltd had spent £3.7 billion on buying land and property along the HS2 route, of which £592 million relates to the cancelled Phase 2.66 The types of land and property include agricultural, commercial and residential, with HS2 Ltd purchasing around a thousand properties and 17 square kilometres of land on the Phase 2 route. HS2 Ltd acts as an agent in purchases and disposals for the Department, with the land and property held as assets of the Department.
Government Response
A response document is linked to this report, dated 16 May 2025. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
10th Report - HS2: Update following the Northern leg cancellation
28 Feb 2025
HC 357
Addressee Bodies
HM Treasury
Timeline
Recommendation age
1.5 yrs
Report published
28 Feb 2025