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HS2 Parliamentary Report
17 July 2025
Type
Written Ministerial Statement
Department
Department for Transport
At a Glance
Issue Summary
The statement addresses the progress and challenges of the High Speed Two (HS2) project, including cost overruns and delays.
Action Requested
The minister has tasked HS2 Ltd’s new CEO, Mark Wild, with leading a comprehensive reset of the programme to deliver it in a controlled manner. The government is working on an updated delivery baseline and funding envelope for 2026, while £25.3 billion has been allocated over four years through the Spending Review.
Key Facts
- HS2 has suffered from repeated cost increases and delays; the current CEO Mark Wild is tasked with resetting the programme.
- A new Chair of HS2 Ltd, Mike Brown, has been appointed to strengthen oversight.
- £25.3 billion in nominal prices will fund HS2 over 2026-2030.
- Over 70% of HS2’s tunnels between London and Birmingham have been completed.
- Research shows HS2 could deliver economic uplifts of £10 billion in the West Midlands and £10 billion around Old Oak Common Station in west London over ten years.
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Assessment & feedback
Summary accuracy