Nearly 90% of businesses in Oxfordshire and Buckingham will benefit from High Speed 2

High Speed 2 is the newly proposed railway that will join London with the Midlands and the north of the country. The rail service will be faster than the existing rail links. However nearly 90% of businesses in Oxfordshire and Buckingham have said they probably will not get a benefit from the railway.

This information was found in a survey conducted by the Federation of Small Businesses. It also discovered that if High Speed 2 were to be built 75% of people would not use it. Respondents of the survey said they would rather see the money be spent on the rail system being used to improve transport at the local level.

The chairman of South Buckinghamshire FSB has commented, “There are going to be a great deal of different opinions on the new rail system, but the opinions of small business in the affected regions are clear; they do not need the rail service. Many of the people we have surveyed feel that the business case for building the railway is simply not strong enough. They overwhelmingly feel that the money could be better spent elsewhere.”

Margaret Coles is the chairman in the Oxfordshire region and has made similar comments, “The survey of firms really suggests that they will not find this new rail link useful. At the very least this should encourage the government to conduct some sort of review of the spending. Many of our respondents felt that the money could be better spent elsewhere.”