A report 'Compensation for Compulsory Acquisition' launched today, says a fairer more efficient system of compensation would bring benefits to the country be speeding up the construction of large infrastructure projects.
The report's key recommendations include:
- an additional allowance over and above market value should be paid in all cases in recognition of the disruption and the often unquantifiable losses that compulsory purchase invariably involves
- owner occupiers should no longer be required to make efforts to sell their properties on the open market before being able to serve a blight notice requiring the relevant authorities to purchase the property
- the current rateable value limit which prevents a great many commercial property owner-occupiers from serving a blight notice should be lifted
- investors as well as owner-occupiers should be able to serve a blight notice
- owners of adjoining land to be acquired should be given the right to serve a notice requiring the purchase of the property where it has been affected to such a degree that the usual compensation is inadequate.
Copies of the report are available price £5 tel: 0171 222 7000.