Heathrow has said this month that it WILL, after all, extend its limited compensation offer to small businesses.
Heathrow airport has broken its silence over compensation for local businesses forced to relocate or close by its expansion plans.
Small businesses – that is, those with a rateable value of £34,800 or less – will now be eligible for the 25% of market value compensation. The decision will be a welcome Christmas present to those who have been living with the uncertainty for nearly three years.
Heathrow’s latest offer: I am a small business owner. What compensation am I entitled to? Small businesses within the compulsory acquisition zone with a rateable value less than £34,800, would be eligible for the same terms as the property offer set out to homeowners. For larger businesses with a rateable value greater than £34,800, compensation will be provided in accordance with statutory requirements.
But some local businesses could still be left high and dry by the latest Heathrow scheme.
The offer has not been extended to the same zone as the householder scheme, and only those directly facing demolition or compulsory acquisition by the airport will be eligible.
With the Colnbrook By-pass itself set to be closed and rerouted, that could mean some businesses forced to close with no compensation at all.
We do not currently intend to start purchasing properties until development consent has been received from the Government. Our current expectation is this will be sometime in 2020.
The issue has been a source of concern for businesses in the path of the third runway since Sir Howard Davies’ Airports Commission shortlisted two Colnbrook runways in December 2013.
Heathrow says it will be contacting each business affected over the coming months to hold individual meetings. It also says it is looking at measures that it might be able to put in place to assist with business relocation.
The airport says it would expect to start purchasing homes in the compulsory purchase zone when it receives development consent – which it believes will be in 2020. The wider property offer scheme would open after once construction begins but would remain open until only a year after the new runway has begun operating. The scheme would then be closed and no further purchases considered under it.
Compensation and mitigation proposals will be consulted on in detail as part of the planning process over the next few years. Residents will be able to put forward views as part of this and the airport says it will take all feedback into account.
The first phase of public consultation will be held in Summer 2017.
There is no information that is easy to locate about this, on the Heathrow website.
The Heathrow compensation page is at