High Speed Two reset

This National Audit Office report examines the Department for Transport’s and HS2 Ltd’s latest reset of the High Speed Two (HS2) programme. It assesses the arrangements being put in place to support delivery of the revised programme, covering cost and schedule, commercial arrangements, organisational capability, governance, Euston station and the closure of Phase 2.

The report reviews how the reset is being implemented and the progress made in establishing revised plans, governance arrangements and delivery structures. It also considers the programme’s revised cost and schedule estimates, commercial negotiations with suppliers, organisational changes within HS2 Ltd, and the evolving approach to Euston and Phase 2 land and property.

The report concludes with recommendations for the Department for Transport and HS2 Ltd on completing the reset, strengthening governance and capability, managing delivery, and maximising the long-term value of the government’s investment in HS2.