Bridgnorth share issue passes £1.8 million

The total raised by the Severn Valley Railway’s Bridgnorth share issue stands at £1.8 million, with just over a fortnight before the offer closes on October 31.

 With two weeks to go before the deadline, the new station building at Bridgnorth is progressing well. SVR

With two weeks to go before the deadline, the new station building at Bridgnorth is progressing well. SVR

£1,848,174 has been raised since the share offer was launched in November last year and, according to the SVR, the rate of applications and enquiries is at an all-time high, with £103,000 coming in from Monday to Friday last week alone.

However, with just over £650,000 left to raise before the SVR reaches its £2.5 million target, the railway is urging anyone interested in help the line complete its ambitious Bridgnorth development project to purchase shares.

Long-time volunteer and SVR board member Tony Bending said: “We are delighted to see this last-minute increase in share applications and are working hard to process them all before the deadline of October 31, after which no more applications can be accepted.”

“Each pound coming in now brings us nearer to fulfilling our dreams of creating new and improved visitor facilities at Bridgnorth, while protecting and preserving the historic jewel in the crown of the Severn Valley Railway for current and future generations.”

He also urged those thinking of purchasing shares to apply as soon as possible to ensure that their applications can be processed before the deadline.

To apply, visit www.svr.co.uk/shareoffer  or call 01562 757900 (option 2).

The £2.5 million will fund Phases 1 and 2 of the SVR’s Bridgnorth development project, which includes the erection of a GWR-style single-storey refreshment room, reinstatement of the station building’s original booking hall and waiting room, and the installation of the Bristol Bath Road turntable.