The second phase of the high-speed rail line HS2 has been confirmed by the government, and will run from and the West Midlands to Leeds and connect into the East Coast mainline at Church Fenton near York, a second leg will be developed in the North West from Crewe to Manchester.
This announcement demonstrates the government’s commitment to push ahead with the £56bn project.
The government's preferred route is for the main HS2 line to run to the east of Sheffield, with a separate spur to take passengers to Sheffield city centre. An additional spur will take HS2 to a brand new station at Manchester airport.
The first phase should be completed by December 2026, with trains to travel at high speed between London and Birmingham before continuing on the West Coast Main Line.
The proposed route will now go through the parliamentary process and the second phase has a completion date around 2037.
The Department for Transport confirmed that anyone living within 60m of the route is entitled to compensation, although the Department for Transport did also say this could be extended in certain circumstances and was not set in stone.
The impact of an infrastructure project of this scale is not just about compensation for business and homeowners but also about the positive opportunities it can create through increased demand on property and facilities during the construction phase and the unlocking of potential development land. Although timescales for such infrastructure are long it is important to plan ahead to make the most of the property opportunities that may become available.