Contact our offices
5 & 6 BAILEY COURT
COLBURN BUSINESS PARK
Estate Agency Offices are located in
BARNARD CASTLE, LEYBURN, STOKESLEY & BOROUGHBRIDGE
Residential Management Team
It was Lord Adonis in his independent economic review who first stated that the North could only become a powerhouse if it was better connected. His comment referring not only to road and rail services but also broadband, aviation and sea ports. There have long been regional disparities in terms of economic growth and political power. If proof of the government’s efforts to change this is ever needed, then the 2016 Spring Budget Statement is the starting place. Finally the cheque book is open and the treasury is starting to back the Northern Powerhouse.
In total £300m will be invested in a range of large infrastructure projects to be delivered across Yorkshire, Lancashire, Durham and Cumbria to better connect our cities.
No longer will we have to wait until the 2030’s to be connected with the high speed rail link between London and Birmingham (HS2 – Phase 1). High Speed 3 will operate along a trans-pennine route between Leeds and Manchester with extensions to Hull in the east, Liverpool to the west and intercept the HS2 Phase 2 train terminals which are planned for Leeds and York. The difficulties associated with coast to coast connectivity in the north should no longer hamper regional growth.
Although long overdue, £75m has been allocated to transform the A66 and A69 carriageways, the only major east to west crossing routes other than the M8 between Edinburgh and Glasgow or the M62 in Yorkshire. An option being looked at includes upgrading a 33 mile section of the A69 dual carriageway, although this has not been confirmed. The M62 will also benefit from a further £161m to upgrade this to a four lane smart motorway along with expedited improvements between junctions 10 to12 and 20 to 25.
A new Trans Pennine tunnel under the Peak District is also set to be constructed between Sheffield and Manchester, whilst North Yorkshire will receive £24m to fund additional road improvements.
What is clear is that the economy in the north is evolving to compete with the likes of London and the south east. Manufacturing and heavy industry no longer dominate our major cities, Instead we are developing a strong service economy with the Government giving us the tools to drive this.
You may, understandably, wonder how the Chancellor’s investment in the Northern Powerhouse will affect you as a landowner or land manager, as agriculture did not take centre stage in the spring budget. The answer is quite simple, a vast majority of these projects will require additional land to be taken to provide the space for these improvements, whether this is road widening schemes, new railway lines or space for flood defences.
The Government and Local Authorities can, and often do use Compulsory Purchase powers to acquire the land that they require for these schemes; as has already been seen with the recent A1widening scheme and High Speed 2 rail link.
Plans are afoot to reform compulsory purchase powers and adjust the way and circumstances in which compensation may be payable to you as a land owner if your land is affected by such a scheme. Seeking professional advice early in such cases is important in order to ensure that your rights as a land owner are fully represented.
GSC Grays offers a wide range of professional services to land owners and managers including, valuation, compulsory purchase advice and expert witness work. If you think that you property may be affected by any of the infrastructure projects that have been committed to by the Treasury then please contact your local GSC Grays office to discuss how we can assist you.
[team-member name=”Alexander Morrison”]