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FULL STEAM AHEAD FOR RAILWAY BUY-OUT BID

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31 MAY

FULL STEAM AHEAD FOR RAILWAY BUY-OUT BID

By timesecholife on in Latest News

Future of vintage railway in hands of donors

A BID to raise £75,000 in just three months in order to complete the purchase of Cheddleton Station by the Churnet Valley Railway PLC, has started off spectacularly with just over half of the funds raised in a little under three weeks.
Volunteers who operate the historic railway are looking to buy the Victorian building at Cheddleton that has been home to the preservationists since 1974, whilst also being able to complete some urgent repairs to the roof of this historic building.
If the funds are successfully raised before the  three month deadline, work is hoped to commence in the summer with completion possible before the end of the year.
Tony Hancock, longstanding Chairman of the CVR Plc – whose father originally helped save the station from demolition by parking in front of the diggers – is delighted with the initial response to the tax-efficient share offer, organised under the Government’s Enterprise Investment Scheme.
“It’s fabulous that supporters of the line are being so generous with this appeal,” he told the Times and Echo.
“The volunteer board of the railway knew how important this one-time offer was, and to see visitors, volunteers and people with just a general interest in the line supporting the appeal is very heartwarming.
“I’m truly humbled by the generosity of so many people. Whether it’s an investment of £100 or a donation of just a couple of pounds, it underlines the affection that people have for our lovely railway and the heritage of the area itself.”
The railway’s supporting Charity ‘The North Staffordshire Railway Company (1978) Ltd’ is accepting donations of any amount for the appeal, which can be gift aided to make every £1.00 worth an additional 25p.
The re-opened Share Issue is allowing both old and new Shareholders to take out new shares in the PLC, in return for a range of benefits including discounts on the railway’s popular Moorlander dining train as well as guaranteed seats on the first trains into Stoke.

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