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Severn Valley Railway sells another 100,000 shares

Bridgnorth | News | Published:

Severn Valley Railway has sold another 100,000 shares towards its Bridgnorth station development project.

Since December 1, the Severn Valley Railway has sold more than 100,000 shares, bringing the total to £636,000.

It is hoping to sell 2.5 million by October 2017 to raise money for the redevelopment of its Bridgnorth station.

Workmen have already been on site sinking foundations and the railway says there will be more activity early in the new year.

The share offer proceeds are destined to provide much-improved visitor facilities at the station, as well as conserving the existing station built in 1862 and will be the railway's most ambitious restoration and development in its 51-year history.

Improved facilities at Bridgnorth are expected to provide a boost to the local economy as SVR's development will attract more visitors to the town.

The remainder of the first phase of development includes alterations to the 1862 neo-Jacobean, grade-II listed station building to reinstate the original booking hall and waiting room and expand the Railwayman's Arm pub s as well as significant works to improve the public areas.

Second phase works include the installation of a turntable, more improvements to the public section and opening up road access with better car parking to accommodate significantly higher visitor numbers at the northern end of the line.

Full share offer details can be found at svr.co.uk/shareoffer or by calling 01562 757900. Donations can be made via the Severn Valley Railway Charitable Trust.

Alternatively, those wishing to donate to the Bridgnorth Development Fund without purchasing shares can do so via the Severn Valley Railway Charitable Trust, which may be able to apply for a further 25 per cent Gift Aid on donations from taxpayers.

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