Sev­ern Val­ley Rail­way is over a third of the way to its tar­get, less than four months af­ter launch­ing share is­sue.

Steam Railway (UK) - - Steam News -

FUNDS RAISED by the Sev­ern Val­ley Rail­way’s Bridgnorth sta­tion share is­sue are close to the £1 mil­lion mark - just un­der four months since the share is­sue was launched on Novem­ber 1 last year.

With £936,000 in the bank as this is­sue of Steam Rail­way closed for press, the SVR now has over a third of the £2.5m it wants to raise for its am­bi­tious project to re­de­velop Bridgnorth sta­tion. The news comes just days af­ter the Glouces­ter­shire War­wick­shire Rail­way an­nounced that its ‘Broad­way - The Last Mile’ share is­sue had passed the seven-fig­ure mark, leav­ing only £250,000 to be raised by the April 2017 dead­line. The mile­stone was passed on Fe­bru­ary 2, al­most ten months to the day since the share is­sue was launched on April 6 by GWSR Pres­i­dent Pete Water­man. The rail­way’s vol­un­teer fi­nance direc­tor, Chris Bristow, says: “This is such an im­por­tant mile­stone and a huge en­cour­age­ment to the many vol­un­teers in­volved with build­ing Broad­way sta­tion and ex­tend­ing the line north­wards to this de­light­ful Cotswold town. “The rate that money has been com­ing in means that we can, with con­fi­dence, say the ex­ten­sion will open to the public on March 30 2018. I’m deeply grate­ful to the many hun­dreds of peo­ple who have in­vested sums large and small, and from all walks of life.” The news rounds off a suc­cess­ful 12 months for the Chel­tenham-Tod­ding­ton line, which wel­comed over 100,000 pas­sen­gers for the first time in preser­va­tion (SR463), and saw the north­ern ex­ten­sion to Broad­way cross­ing the county bor­der into neigh­bour­ing Worces­ter­shire (SR461). The cur­rent rail­head is only a quar­ter of a mile from Broad­way, and within sight of the for­mer sta­tion goods shed. How­ever, Mr Bristow warns that: “in many ways the last quar­ter-mile will be the most chal­leng­ing. “The line will run over a short stretch of high em­bank­ment which, through decades of lack of main­te­nance and poor drainage, has be­come un­sta­ble and needs strength­en­ing. We will be start­ing work on this soon but it will cost a sig­nif­i­cant five-fig­ure sum: when done, it will se­cure the line for gen­er­a­tions to come. “That’s why we must reach the full £1.25m we’re seek­ing in this of­fer.”

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