Loft insulaltion will rise to original height give it a shake or leave it alone and in a few days will rise.
Loft stilts cheaper at tool station free delivery or local depot pickup.About 11 quid for 12.
Make the new loft hatch as long as possible and wider than at present , makes getting stuff in easier, also board over existing loft hatch and mark it as an existing hatch, worked in a loft stood on what i theought was a solid board, which creaked, lifeted it up and below was a large glass ceiling light only covered by thin ply, but plasterboarded over on the ceiuling side.
Big fan keeps you cool when working in there.