BAA Stansted launches home value guarantee for local community
(press release issued 18 December 2003 by BAA)
BAA Stansted today announced measures to re-assure people living near Stansted Airport about the effect of airport expansion on their homes.
Speaking two days after a Government White Paper calling for a second runway at Stansted, BAA Stansted said that it would respond promptly to any home owner within the boundary of the enlarged airport wishing to sell.
Terry Morgan, managing director of BAA Stansted airport said: "Compulsory Purchase Orders for properties needed for major developments are usually awarded at the time when planning permission is granted, often resulting in years of uncertainty for home owners.
"No-one can be sure how long it will take to get planning permission for the Stansted expansion, so today we are delivering certainty and flexibility to those whose homes will unfortunately need to be taken, with our Home Value Guarantee Scheme.
"Through the scheme, home owners will be able to sell to BAA at the time that suits them for the full market value of the property, based on June 2002 values, index-linked to regional property prices. We will also cover removal costs. On top of this, home-owners who sell will be entitled to an ex-gratia payment of 10% of the value of the home when BAA obtains planning permission."
The exact boundaries of the enlarged airport will be made public on or before 27 January 2004 and the scheme will become operational in spring 2004.
Terry Morgan added: "There will clearly be some local residents whose homes fall on or very near the boundary, when it is specified. We will deal with these cases as sensitively as possible".
BAA Stansted also said that it is planning to introduce a second scheme, the Home Owners Support Scheme, aimed at others close to the new runway who want to move but whose property values have been severely affected by the prospect of noise.
"Statutory arrangements are generally limited in this area, so we intend to provide support for other home owners close to the new runway, whose property values may be seriously undermined by the prospect of noise", said Mr Morgan.
The outline of the Home Owners Support Scheme will be published early in the New Year, for discussion with local community representatives.
BAA Stansted also committed itself today to an acoustic insulation scheme for people severely affected by noise when the new runway opens.
"These schemes offer people significantly better terms than those usually available. We are determined that we will engage in regular dialogue with our neighbours at Stansted to ensure that we do everything possible to address their concerns", said Mr Morgan.
A public information line for general enquiries on runway development is available on Tel: 0800 496 0199
BAA Welcomes Air Transport White Paper
(press release issued 16 December 2003 by BAA)
BAA today welcomed the Government's new framework for UK aviation policy and said that it would press ahead with plans for a second runway at Stansted Airport.
BAA said that it would also work urgently to resolve the air pollution issues identified by the Government as a barrier to further runway development at Heathrow Airport.
"Aviation is vital to the economic and social well-being of the UK and we are pleased that the Government has taken such a long-sighted, strategic view in this White Paper", said Mike Clasper, BAA's Chief Executive.
"BAA identified four possible options for runway development in the South East and the Government has chosen two of them. At Stansted, we will proceed at once to draw up detailed plans and to examine the environmental impacts of a second runway. We will consult closely with the communities affected and address their concerns as sympathetically as possible.
"At Heathrow, we will work with national and local government and with Heathrow-based airlines to resolve air quality problems. This will require action on motor vehicle emissions, as well as aircraft and airport ground vehicles. If these matters can be dealt with to the Government's satisfaction, we will bring forward a plan for a third, short-haul runway at Heathrow, as the White Paper suggests. Should the environmental problems at Heathrow not be resolved to the Government's satisfaction, the White Paper suggests that a second runway at Gatwick should be brought forward, but not before 2019. BAA welcomes the Government's decision to uphold the agreement which prohibits further runway development at Gatwick before that date."
BAA also commented upon the White Paper's proposals for Scotland, which involve safeguarding land for a possible additional runway at Edinburgh towards the end of the planning period. Renfrewshire Council has been invited to safeguard land for possible runway development at Glasgow Airport.
"We advised the Government to safeguard land at both Edinburgh and Glasgow. BAA will now work within the new policy framework to develop its Scottish airports to their full potential", said Mr Clasper.
BAA remains strongly committed with balancing aviation growth with measures to ensure that those who fly should meet the full environmental costs of flying. "We are especially pleased that the Government is to place such emphasis upon addressing the impacts of aviation's greenhouse gases by pressing for an EU-wide emissions trading scheme".